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Purchase Related Transactions Stylon Co., a women's cothing store, purchased $28,000 of merchandise from a supplier on account, terms FOB destination, 2/10, 1/30 using the
Purchase Related Transactions Stylon Co., a women's cothing store, purchased $28,000 of merchandise from a supplier on account, terms FOB destination, 2/10, 1/30 using the ret method under a perpetual inventory system. Stylor returned merchandise with an invoice amount of $3,900, receiving a credit mcmo. a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank Inventory Fudbe Chess Mr Work ArchiCTHSS Merchi inventory and Account Pati b. Journalize Sty on's entry to record the merchandise return it an amount box does not require an entry, leave it blank 88 Fudba breduce Mewtory and continuat's carte c. Journalize Stylan's entry to record the payment within the discount period of in days. If an amount bax does not require an entry, leave it blank. Fudbe Cheesp Werk The amount paid is the in Acounts Payable d. Journalize Stylon's entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank. Feedback Check My Work d. When a buyer does not pay within the discount period, the inventory account must be increased to reflect the amount of the discount not taken. Feedback Check My Work Partially correct
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