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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

Purchase-Related 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 $47,000 of merchandise from Schell Co. on account, terms 110,n30.
Inventory
Accounts Payable-Schell Co.
b. Paid the amount owed on the invoice within the discount period.
c. Discovered that merchandise with an invoice amount of $9,400 purchased in (a) was defective and returned items, receiving credit.
d. Purchased $7,100 of merchandise from Schell Co. on account, terms n30.
e. Received a refund from Schell Co. for return in (c) less the purchase in (d).
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