Purchase-Related Transactions Journalize 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 $46,000 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 merchandise with an invoice amount of $9,200 purchased in (a) was defective and returned items, receiving credit. d. Purchased $7,200 of merchandise from Schell Co. on account, terms n/30