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EX 6-6, Purchase-related transactions OBJ. 2 Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a sup- plier on account, terms FOB destination,

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EX 6-6, Purchase-related transactions OBJ. 2 Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a sup- plier 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 re- turn, and (c) the payment $64,680 EX 6-8, Sales-related transactions, including the use of credit cards Journalize the entries for the following transactions: B).2 a. Sold merchandise for cash, $30,000. The cost of the merchandise sold was $18,000. SHOW E HOW b. Sold merchandise on account, $258,000. The cost of the merchandise sold was $154,800. c. Sold merchandise to customers who used MasterCard and VISA, $160,000. The cost of the merchandise sold was $96,000. d. Sold merchandise to customers who used American Express, $72,000. The cost of the merchandise sold was $43,200. e. Received an invoice from National Clearing House Credit Co. for $8,800, representing a service fee paid for processing MasterCard, VISA, and American Express sales

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