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Purchase - Related Transactions Journalize entries for the following related transactions of Lilly Heating & Air Company: ( If an amount box does not require
PurchaseRelated Transactions
Journalize entries for the following related transactions of Lilly Heating & Air Company: If an amount box does not require an entry, leave it blank.
a Purchased $ of merchandise from Schell Co on account, terms
Accounts PayableSchell Co
b Paid the amount owed on the invoice within the discount period.
c Discovered that merchandise with an invoice amount of $ purchased in a was defective and returned items, receiving credit.
d Purchased $ of merchandise from Schell Co on account, terms
e Received a refund from Schell Co for return in c less the purchase in d
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