Purchase-Related Transactions Journalize entries for the following related transactions of Lilly Heating & Air Company: a. Purchased $33,000 of merchandise from Schell Co. on account, terms 2/10, 1/30. b. Paid the amount owed on the invoice within the discount period. c. Discovered that $6,600 before purchases discount of the merchandise was defective and returned items, receiving credit. d. Purchased $5,000 of merchandise from Schell Co. on account, terms n/30. e. Received a check for the balance owed from the return in (c), after deducting for the purchase in (d). a Inventory X Accounts Payable-Schell Co. b. Accounts Payable-Schell Co. X Cash Accounts Payable-Schell Cov Inventory v Inventory Accounts Payable-Schell Co. o Cash e. Accounts Payable-Schell Co