Purchase-Related Transactions Poff's Co., a women's clothing store, purchased $53,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Poff's returned $7,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. a. Journalize Poff's entry to record the purchase. If an amount box does not require an entry, leave it blank, Merchandise Inventory Accounts Payable Feedback Check My Work X Feedback 53,000 X b. Journalize Poff's entry to record the merchandise return. If an amount box does not require an entry, leave it blank. 388 Check My Work b. A return reduces Merchandise Inventory and Accounts Payable in the purchaser's records. c. Journalize Poff's entry to record the payment. If an amount box does not require an entry, leave it blank.

Purchuse-Related francactions Pofts, Co, a women's clothing store, porchased $53,000 of merchandive from a supplier on account, terms fob destination, 2/50,n/30, Port's returned $7,000 of the inerchandise, recelving a crecit memo, and then pald the amount due within the discount period. b. Journalize Porfs entry to focord the merchandise retarn if an amount bax dees not require an entry, leave it biank