Joumalize entries for the following related transactions of Lily Heating & Air Company using the net method under a perpetual inventory system ofer to the Chart of Accounts for exact wording of account titles A Purchased $35,000 of merchandise from Schel Co. on account, torms 1/10, 1/30, B. Paid the amount owed on the invoice C Discovered that merchandise with an invoice amount of $9,000 purchased in (a) was defective and returned items, receiving credit, D Purchased $5,000 of merchandise from Schell Co. on account, termen/30 E. Received a rotund trom Schet Co for return in (C) less the purchase in (D) Determining Amounts to be paid on voices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were pold within the discount period Merchandise Freight Customer Returns Invoice Amount Pald by Seller and Allowances $32,000 FOB destination, 1/30 $1,600 12,800 $300 FOB shipping point, 2/10, 1/30 2,500 21,000 FOB shipping point, 1/10, 1/30 4,000 9,000 125 FOB shipping point, 2/10, 1/30 77.400 FOB destination, 1/10, 1/30 a 1,000 b. C VIDIO