Purchase-Related Transactions Journalize entries for the following related transactions of Lilly Heating & Air Company a. Purchased $44,000 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 $8,800 before purchases discount of the merchandise was defective and returned items, receiving credit d. Purchased $6,900 of merchandise from Schell Co, on account, terms 1/30. e. Received a check for the balance owed from the return in (c), after deducting for the purchase in (d). Inventory Accounts Payable-Schell Co. Accounts Payable Schell Co WEB Cash Accounts Payable-Schell Co. Inventory Inventory Accounts Payable Schell Co. Cash Next 231 PM ARA Check My Work Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Capers Company during October of the current year: Oct. 1. Purchased merchandise from UK Imports Co., $14,806, terms FOB destination, /30. Purchased merchandise from Hoagie Co., $10,850, terms FOB shipping point, 2/10, 1/com. Prepaid freight of $230 3. was added to the invoice 4. Purchased merchandise from Taco Co., $12,300. terms FOB destination, 2/10, n/30 6. Issued debit memo to Taco Co. for $4,900 of merchandise returned from purchase on October 4 13. Paid Hoagie Co. for invoice of October 3. 14. Paid Taco Co. for Invoice of October 4, less debit memo of October 6 and discount. 19. Purchased merchandise from Vegole Co. $26,360, terms FOB shipping point. Teom 19. Pald freight of $415 on October 19 purchase from Veggie Co. 20. Purchased merchandise from Caesar Salad Co. $21,800, terms FOB destination, 1/10, 1/30 30. Paid Caesar Salad Co, for invoice of October 20. 31. Paid UK Imports Co. for Invoice of October 1, 31. Pald Vegole Co. for invoice of October 19. Required: Journalize the entries to record the transactions of Capers Company for October For a compound transaction, an amount box does not require an entry leave it blank Oct Inventory 22