Sale Search Calculator Understanding the Business Transaction Nov. 7, 2015 Lamont Enterprises purchases $11,200 of merchandise from Christopher Co. and receives an invcice with terms 2/10, net 30 Nov, 10, 2015 Lamont Enterprises returns $2,800 of merchandise due to an error in shipment and issues a debit memorandum. Now. 17, 2015 Lamont Enterprises pays the amount due to Christopher Co. from the purchase on Nov. 7 less the retuned items on Nov. 10 o. 17,2013 Lamont Entertes pays he mount Recording in the Accounting System Journalize the November purchase transactions for Lamont Enterprises. For compound entries, if an amount box does not require an entry, leave enter .. Merchandise Inventory Nov. 7 Nov. 10 Nov. 15 Financial Statement Impact 2 more Check My Work uses remaining