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EX 6-8 Purchase-related transactions OBJ. 2 Journalize entries for the following related transactions of Greenville Heating & Air Com- pany: a. Purchased $57,000 of merchandise

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EX 6-8 Purchase-related transactions OBJ. 2 Journalize entries for the following related transactions of Greenville Heating & Air Com- pany: a. Purchased $57,000 of merchandise from Foster Co. on account, terms 2/10, n/30. b. Paid the amount owed on the invoice within the discount period. c. Discovered that $11,000 of the merchandise purchased in (a) was defective and returned items, receiving credit for $10,780 ($11,000 ($11.000 x 296) d. Purchased $6.300 of merchandise from Foster Co. on account, terms n/30 Received a refund from Foster Co. for return in (c) less the purchase in (d)

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