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Purchase-related transactions Stylon CO, a women's dothing store, purchased $20,000 of merchsndise from a supplier on account, terms fos destination, 2/10, n/30, Stylon returned merchandise

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Purchase-related transactions Stylon CO, a women's dothing store, purchased $20,000 of merchsndise from a supplier on account, terms fos destination, 2/10, n/30, Stylon returned merchandise with an invoice amount of $3,000, receiving a credit memo. a. Joumalize Stylon's entry to record the purchsse. If an amount box does not require an entry, lesve it blank. b. Sournalite Stylon's entry to record the merchandise retuen. If an amount box does not require an entry, leave is blank. c. 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. r Check My Woh c. The amount paid is the balance in Accounts Payable. The discount is credited against the Inventory because it reduces the cost

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