Purchase-Related Transactions Poff's Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30. Poff's returned $2,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. a. Journalize Poff's Co.'s entry to record the purchase. If an amount box does not require an entry, leave it blank. Merchandise Inventory 12,870 Accounts Payable Feedback Check My Work a. A purchase increases Merchandise Inventory and Accounts Payable. b. Journalize Poff's Co.'s entry to record the merchandise return. If an amount box does not require an entry, leave it blank. Accounts Payable Merchandise Inventory Feedback 12,870 X Cash Check My Work b. A return reduces Merchandise Inventory and Accounts Payable in the purchaser's records. Check My Work X X c. Journalize Poff's Co.'s entry to record the payment. If an amount box does not require an entry, leave it blank. Accounts Payable Previous Next >

Purchase-Related Transactions Pofth Co, a women's dothing store, purchased $13,000 of merchandse from a supplier on account, terms Foe destination, 1/10, n/30, Porfs returned \$2,000 of the merchandise, recelving a credit memo, and then paid the smount due within the discount period. 9. Joumalite forfs Co:"s entry to record the purchase. If an amount box does not require an entry, leave it blank. a. A purchase increases Merchandise Inventory and Accounts Parable b. Joumalize Polf's Ca,'s entry to record the merchandise return, If an amount box does not require an entry, leave it blank. vower Mink c. Journalize Pofr's Co's entry to recard the payment. If an amount box does not require an entry, leave is bianic