Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB

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Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Warwick's returned $9,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. Journalize Warwick's entries to record
(a) The purchase,
(b) The merchandise return,
(c) The payment.
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Financial Accounting

ISBN: 978-1337272124

15th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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