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 $27,000 of merchandise from Schell Co. on account, terms 2/10, n/30. 88 b. Paid the amount owed on the invoice within the discount period. c. Discovered that merchandise with an invoice amount of $5,400 purchased in (a) was defective and returned items, receiving credit. 88 d. Purchased $4,400 of merchandise from Schell Co. on account, terms n/30. 88 e. Received a refund from Schell Co. for return in (c) less the purchase in (d). :88