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Warwick's Co, a women's clothing store, purchased $22,000 of merchandise from a supplier on account, terms FoB destination, 1/10, n/30. Warwickc's returned s3,p the merchandise,

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Warwick's Co, a women's clothing store, purchased $22,000 of merchandise from a supplier on account, terms FoB destination, 1/10, n/30. Warwickc's returned s3,p the merchandise, receiving a credit memo. a. Journalize Warwick's Co.'s entry to record the purchase. Inventory Y 22,000 X Accounts Payable 22,000 X Fondbac a. A purchase increases Merchandse inventory and Accounts Payable Learning Objective 2 b. Journalize Warwick's Co.'s entry to record the merchandise return. Accounts Payable 3,700 X Inventory Y 3,700 X c. Journalize Warwick's Co. entry to record the payment within the discount period of ten days Accounts Paybli8300X 18,117 V Warwick's Co, a women's clothing store, purchased $22,000 of merchandise from a supplier on account, terms FoB destination, 1/10, n/30. Warwickc's returned s3,p the merchandise, receiving a credit memo. a. Journalize Warwick's Co.'s entry to record the purchase. Inventory Y 22,000 X Accounts Payable 22,000 X Fondbac a. A purchase increases Merchandse inventory and Accounts Payable Learning Objective 2 b. Journalize Warwick's Co.'s entry to record the merchandise return. Accounts Payable 3,700 X Inventory Y 3,700 X c. Journalize Warwick's Co. entry to record the payment within the discount period of ten days Accounts Paybli8300X 18,117 V

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