Stylon Co., a women's clothing store, purchased $28,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Stylon returned merchandise with an invoice amount of $4,200, receiving a credit memo.

Question Content Area

a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
	Accounts Payable	Accounts Payable	Accounts Payable

Question Content Area

b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry, leave it blank.

	Account	Debit	Credit
	Accounts Payablee	Accounts Payable	Accounts Payable
	Inventory	Inventory	Inventory

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.

	Account	Debit	Credit
	Accounts Payable	Accounts Payable	Accounts Payable
	Cash	Cash	Cash
	Inventory	Inventory	Inventory

d. 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 it blank.

	Account	Debit	Credit
	accounts Payable	Accounts Payable	Accounts Payable
	Cash	Cash	Cash