EB7. LO 6.3 Canary Lawnmowers purchased 300 lawnmower parts at $3.50 per part from a supplier on December 4 . Terms of the purchase are 4/10,n/25, invoice dated December 4. Canary Lawnmowers pays their account in full on December 16. On December 21, Canary discovers 34 of the parts are the wrong size but decides to keep them after the supplier gives Canary an allowance of $1.00 per part. Record the journal entries to recognize these transactions fur Canan, I arinmawrare To recognize inventory purchase on credit, 4/10,n/25 EB8. LO 6.3 Record journal entries for the following purchase transactions of Balloon Depot. Feb. 8 Purchased 3,000 balloon bundles on credit for $25 per bundle. Terms of the purchase are 10/10,n/30, invoice dated February 8 Feb. 11 Returned 450 defective bundles for a full refund from the manufacturer. To recognize inventory purchase on credit, 10.10, n30 10 recogmze retwn 450 bundles, fud refund To recognize payment, less return and discount