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Purchase-Related Transactions Journalize entries for the following related transactions of Lilly Heating \& Air Company:...

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Accounting

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Purchase-Related Transactions Journalize entries for the following related transactions of Lilly Heating \& Air Company: (If an amount box does not require an entry, leave it blank.) a. Purchased $45,000 of merchandise from Schell Co. on account, terms 2/10,n/30. b. Paid the amount owed on the invoice within the discount period. c. Discovered that merchandise with an involce amount of $9,000 purchased in (a) was defective and returned items, receiving credit. d. Purchased $5,800 of merchandise from Schell Co. on account, terms n/30. e. Recelved a refund from Schell Co. for return in (c) less the purchase in (d)

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