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URGENT ON TIME LIMIT PLS HELP EX 5-7. Purchase-Related Transactions Obj. 2 Stylon Co., a women's clothing store, purchased $48,000 of merchandise from a supplier

image text in transcribedURGENT ON TIME LIMIT PLS HELP
EX 5-7. Purchase-Related Transactions Obj. 2 Stylon Co., a women's clothing store, purchased $48,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Stylon returned merchandise with an invoice amount of $7.500, receiving a credit memo. Journalize Stylon's entries to record (a) the purchase. (b) the merchandise return, (c) the payment within the discount period of 10 days, and (c) the payment beyond the discount period of 10 days

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