Purchase-Related Transactions Stylon Co, a women's clothing store, purchased $24,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30, using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $3,000, receiving a credit memo a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry leave it blank Accounts Parable X A purchase increases Merchandise Inventory and Accounts Payable b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry, leave it blank Accounts Payable Inventory V x b. A tum reduces Merchandise inventory and Accounts Payable is the purchaser's records e. Journalize Stylon's entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank Accounts Payable x Ow My W The amount paid is the balance in Accounts Payable 4. Journalize Stylon's entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave blank Accounts Payable Cath 8.8 d. When a buyer does not pay within the discount period, the inventory account must be increased to reflect the amount of the discount not taken Check My Work Previous Next>> Alwin s Save and Exit gent for Grading