EX 6-4 Purchase-related transactions lier for $30,000, The Wheatland Company purchased merchandise on account from a supp terms 1/10, n/s0. The returned received full credit eatland Company returned $8,000 of the merchandise a. What is the amount of cash required b. Under a perpetual inventory for the payment within the discount period? to recond thory system, what account is credited by The Wheatlan a OBJ.2 EX 6-7 Purchase-related transactions OBJ. 2 Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Warwick's returned $9,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. Journalize Warwick's entries to record (a) the purchase, (b) the merchandise return, and (c) the payment. EX 6-8 Purchase-related transactions Journalize entries for the following related transactions of Manville Heating& Air Company: a. Purchased $90,000 of merchandise from Wright Co. on account, terms 2/10, n/30. b. Paid the amount owed on the invoice within the discount period. c. Discovered that $18,000 of the merchandise purchased in (a) was defective and re- OBJ. 2 turned items, receiving credit for $17,640 [$18,000-($18,000 2%), d. Purchased $10,000 of merchandise from Wright Co. on account, terms n/30. e. Received a refund from Wright Co. for return in (c) less the purchase in (d)