On March 1, Warwick’s Co., a women’s clothing store, purchased$75,000 of merchandise from a supplier on account, terms FOBdestination, 2/10, n/30. On March 5, Warwick’s returned $9,000 ofthe merchandise, receiving a credit memo, and then paid the amountdue on March 9, within the discount period.

Journalize Warwick’s entries to record (a) the purchase, (b) themerchandise return, and (c) the payment. Refer to the Chart ofAccounts for exact wording of account titles.

CHARTOF ACCOUNTS
Warwick’s Co.
General Ledger
ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Merchandise Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-StoreEquipment 194 Office Equipment 195 Accumulated Depreciation-OfficeEquipment LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customers Refunds Payable 220 Unearned Rent 221 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary PAGE 10 JOURNAL ACCOUNTING EQUATION Score: 54/76 DATE DESCRIPTION POST.REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 ? 2 3 ? ? 4 ? 5 ? ? 6 ? ?	REVENUE 410 Sales 610 Rent Revenue EXPENSES 510 Cost of Merchandise Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-StoreEquipment 525 Depreciation Expense-OfficeEquipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense