Purchase-Related Transactions

Warwick's Co., a women's clothing store, purchased $18,000 of merchandise from a supplier on account, termsFOB destination, 1/10, n/30. Warwick's returned $2,700 of the merchandise, receiving acredit memo, and then paid the amount due within the discount period.

a.Journalize Warwick's Co.'s entry to record the purchase.

-----------------------

----------------------

b.Journalize Warwick's Co.'s entry to record the merchandise return.

-----------------------

----------------------

c.Journalize Warwick's Co.'s entry to record the payment.

-----------------------

----------------------