purchased on December 5 was detective. The seller offered to reduce the merchandise price b defective merchandise under those terms. Complete the buyer's necessary journal entry by selecting the account names from the drop-do amounts in the debit or credit columns. View transaction list Journal entry worksheet A buyer uses a perpetual inventory system, and on December 7, it contacts its supplier to report that some of the merchandise purchased on December 5 was defective. The seller offered to reduce the merchandise price by $400. The buyer agreed to keep the defective merchandise under those terms. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 7 purchased on December 5 was detective. The seller offered to reduce the merchandise price b defective merchandise under those terms. Complete the buyer's necessary journal entry by selecting the account names from the drop-do amounts in the debit or credit columns. View transaction list Journal entry worksheet A buyer uses a perpetual inventory system, and on December 7, it contacts its supplier to report that some of the merchandise purchased on December 5 was defective. The seller offered to reduce the merchandise price by $400. The buyer agreed to keep the defective merchandise under those terms. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 7