When recording a payment to a vendor within the discount period, the business records a debit to Accounts Payable for the full amount of the invoice Iess any returns and allowances, a credit to Purchases Discounts for the amount of the discount, and a credit to Cash for the amount paid. Record the following purchase transactions in generai joumal form on the books of Callagher Company (the buyer). a. Purchased merchandise on account from Collins Company, invoice No. 1601, 32,500; termis 2/10, N/30. b. Received credit memo No. 127 from Collins Company for damaged merchandise, $500. c. Paid Collins Company in full within the discount period. If an amount box does not requite an entry, leave it blank. If required, round your answeis to the nearest cent. c. Paid Collins Company in full within the discount period. If an amount box does not require an entry, leave it blank. If required, round your answers to the neanect rent