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 $40,000 of merchandise from Schell Co. on account, terms 1/10, n/30. Account Debit Credit b. Paid the amount owed on the invoice within the discount period. Account Debit Credit c. Discovered that merchandise with an invoice amount of $8,000 purchased in (a) was defective and returned items, receiving credit. Credit Account Debit d. Purchased $5,900 of merchandise from Schell Co. on account, terms n/30. Account Debit Credit e. Received a refund from Schell Co. for return in (c) less the purchase in (d). Account Debit Credit