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Please answer all 3. Thanksss 1.25 points On February 28th, Gates Gems received merchandise they purchased on account from Diamonds Direct in the amount of

Please answer all 3. Thanksss

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1.25 points On February 28th, Gates Gems received merchandise they purchased on account from Diamonds Direct in the amount of $8,550. Some of the gems were delivered were different than what was ordered. Gates Gems decided they would keep the Gems if Diamonds Direct would give them a discount. Diamonds Direct offered a $1,500 discount and Gates Gems accepted. What is the journal entry to record this transaction? Debit Purchases, $8,550; credit Accounts Payable/Diamonds Direct, $8,550 Debit Accounts Payable/Jewelry Wholesalers, $8,550; credit Purchases Returns and Allowances, $8,550 Debit Purchases, $1,500; credit Accounts Payable/Diamonds Direct, $1,500 O Debit Accounts Payable/Diamonds Direct, $1,500; credit Purchases Returns and Allowances $1,500 5 1.25 points On February 16th, Gates Gems received merchandise that was purchased on account from Gem Warehouse in the amount of $10,000. Half of the merchandise was damaged and they returned the damaged merchandise and kept the rest. What is the journal entry to record this transaction? O Debit Accounts Payable/Gem Warehouse, $5,000; credit Purchases Returns and Allowances, $5,000 Debit Accounts Receivable/Gem Warehouse, $ 10,000; credit Purchases, $ 10,000 Debit Accounts Receivable/Gem Warehouse, $5,000; credit Purchases $5,000 O Debit Accounts Receivable/Gem Warehouse, 10,000; credit Purchases Returns and Allowances, $ 10,000 6 1.25 points On January 12th, Gates Gems returned merchandise they received on account from Gem Warehouse in the amount of $800. What is the journal entry to record this transaction? Debit Accounts Receivable/Gem Warehouse, $800; credit Purchases Returns and Allowances $800 Debit Accounts Payable/Gem Warehouse, $800; credit Purchases Returns and Allowances, $800 Debit Accounts Receivable/Gem Warehouse, $800; credit Purchases, $800

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