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Purchase - related transactions Stylon Co . , a women's clothing store, purchased $ 1 9 , 0 0 0 of merchandise from a supplier

Purchase-related transactions
Stylon Co., a women's clothing store, purchased $19,000 of merchandise from a supplier on account, terms FOB destination, 110,n30. with an invoice amount of $2,700, receiving a credit memo.
a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank.
Accounts Payable
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a. A purchase increases Inventory and Accounts Payable.
b. Journalize Stylon's entry to record the merchandise returfilif an amount box does not require an entry, leave it blank.
Accounts Payable
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b. A return reduces Inventory and Accounts Payable in the purchaser's records.
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