Purchase-Related Transactions perpetual inventory system. (If an amount box Journalize entries for the following related transactions of Lilly Heating & Air Company using the net method under does not require an entry, leave it blank.) a. Purchased $36,000 of merchandise from Schell Co. on account, terms 1/10, n/30. Inventory 35,640 Accounts Payable-Schell Co. 35,640 Feedback Check My Work b. Paid the amount owed on the invoice. 360 X II Feedback Check My Work c. Discovered that merchandise with an invoice amount of $9,000 purchased in (a) was defective and returned items, receiving credit. d. Purchased $5,000 of merchandise from Schell Co. on account, terms n/30. Feedback Check My Work e. Received a refund from Schell Co. for return in (c) less the purchase in (d). Feedback Check My Work Feedback Check My Work