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April 1,20X1Purchased merchandise on credit from Global Fabricators, Invoice 885, $3,950, terms 210/, n30/...

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Accounting

April 1,20X1Purchased merchandise on credit from Global Fabricators, Invoice 885, $3,950, terms 210/, n30/ ; freight of $115 was paid by Global Fabricators and added to the invoice (total invoice amount, $4,065).April 9,20X1Paid amount due to Global Fabricators for the purchase of April 1, less the 2 percent discount, Check 457.April 15,20X1Purchased merchandise on credit from Korniakov Company, Invoice 145, $2,200, terms 110/, n30/ ; freight of $170 prepaid by Korniakov and added to the invoice.April 17,20X1Returned damaged merchandise purchased on April 15 from Korniakov Company; received Credit Memorandum 332 for $145.April 24,20X1Paid the amount due to Korniakov Company for the purchase of April 15, less the return on April 17, taking the 1 percent discount, Check 470.

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