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Purchase-Related Transactions Joumalize entries for the following related transactions of Lilly Heating & Air Company: (If an amount box does not require an entry, leave

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Purchase-Related Transactions Joumalize 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 $36,000 of merchandise from Schell C0, on account, terms 1/10,n/30. b. Paid the amount owed on the involce within the discount period. c. Discovered that merchandise with an invoice amount of $9,000 purchased in (a) was defective and returned items, receiving credit. d. Purchased $5,000 of merchandise from Schell Co. on account, terms n/30. e. Received a refund from Scheli Co, for return in (c) less the purchase in (d)

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