ons Instructions Chart of Accounts Journal Instructions Warwick's co a women's clothing store purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10, 1/30. Warwick's returned 59,000 of the merchandise, receiving a credit meme Journaize Warwick entries to record (2) the purchase, (b) the merchandise return, and (c) the payment within the discount period of ten days, and (d) payment beyond the discount period of ten days. Refer to the Chart of Accounts for exact wording of account los. For grading purposes use December 31 as the date for al transactions urchase-related transactions Instructions Chart of Accounts Journal TI Instructions Journal DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES 75.500.00 1 2 73,500.00 3 8,820.00 DATE Dec. 31 Inventory Accounts Payable Dec 31 Accounts Payable Inventory Dec. 31 Accounts Payable Cash Dec 31 Accounts Payable Inventory 8.820.00 64,680,00 5 64.680.00 1 64,680.00 Cash ransactions Instructions Chart of Accounts Joumal Instructions A Journalize entries for the following related transactions of Lily Heating & Air Company Refer to the Chart of Accounts for exact wording of account eties, A. Purchased 536,000 of merchandise from Schell Co. on account, terms 1/10, 1/30. B. Paid the amount owed on the voice within the discount period c. Discovered that $9,000 of the merchandise purchased in (A) was defective and returned items receiving credit D. Purchased 55,000 of merchandise from Schell Co, on account, terms 1/30 E Received a refund from Schell Co for return in (C) less the purchase in (D) transactions Instructions Chart of Accounts Journal Instructions Journal 1 2 3 + 5 1 9 10 Sales-related transactions Sayers Co. sold merchandise on account to a customer for $81,000 terms 2/10, n/30. The cost of the goods sold was $59,000. a. Journalize Sayers' entries to record the sale. b. Journalize the receipt of payment within the discount period