Purchase-Related Transactions Journalize entries for the following related transactions of Lilly Heating &Air Company a. Purchased $32,000 of merchandise from Schell Co. on account, terms 2/10, n/30. b. Paid the amount owed on the invoice within the discount period c. Discovered that $6,400 before purchases discount of the merchandise was defective and returned items, receiving credit d. Purchased $4,800 of merchandise from Schell Co. on account, terms n/30 e. Received a check for the balance owed from the return in (e), after deducting for the purchase in (d). a. b. c. d