Oct 11 Purchased some inventory on account from Panda Publishers, $6,750, terms 2/10, n/30.

Oct 12 Received credit memorandum from Panda Publishers for damaged merchandise, $1,000.

Oct 15 Paid the amount due to Panda Publishers from the Oct 12 purchase.

Oct 18 Returned for cash some merchandise previously purchased from Panda Publishers for $1,000. (Hint: In recording this entry, we do not receive a cash refund in full, because we took advantage of the cash discount when we originally paid for the goods.)