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Journalize. a. Purchased $48,000 of merchandise from Wright Co. on account, terms 2/10, n/30 b. Paid the amount owed on the invoice within the discount

image text in transcribedJournalize.

a. Purchased $48,000 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 $9,600 of the merchandise purchased in (a) was defective and returned items, receiving credit. d. Purchased $7,300 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)

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