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Purchase-Related Transactions Warwick's Co., a women's dothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10 returned $9,000 of the
Purchase-Related Transactions Warwick's Co., a women's dothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10 returned $9,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. a. Journalize Warwick's entry to record the purchase. b. Journalize Warwick's entry to record the merchandise return. c. Journalize Warwick's to record the payment within the discount period of ten days. d. Journalize Warwick's to record the payment beyond the discount period of ten days. If an amount box does not require an entry leave Che Werk o BI Fio $ 6 8. E R. D F G Sales-Related Transactions After the amount due on a sale of $28,000, terms 2/10, n/eom, is received from a customer within the discount the entire shipment for a cash refund. The cost of the merchandise returned is $16,800. a. What is the amount of the refund owed to the customer? b. Journalize the entries made by the seller to record the return and the refund. (a) (6) Ceed My World
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