th: p QUESTION 12 Company purchased merchandise on account from Office Suppliers for $62,000, with terms of 1/10, n/30. During the discount od, Bazil returned some merchandise and paid $59,400 as payment in full. Bazil uses a perpetua nal entries that Bazil Company made to record the: (1) (2) (3) purchase of return of merchandise. payment on account. (b) Weaver Company sold merchandise to Moore Company on account for $84,000 with credit terms of 2/10, n/30. The cost of the merchandise sold was $63,000. During the discount period, Moore Company returned $4,000 of merchandise and paid its account in full (minus the discount) by remitting $78,400 in cash. Both companies use a perpetual inventory system. Prepare the journal entries that Weaver Company made to record the: (1) sale of merchandise. (2) return of merchandise. (3) collection on account