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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 $43,000 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 invoice amount of $8,600 purchased in (a) was defective and returned items, receiving credit. b. Paid the amount owed on the involice within the discount period. c. Discovered that merchandise with an invoice amount of $8,600 purchased in d. Purchased $6,500 of merchandise from Schell Co. Sn account, terms n/30. e. Received a refund fkm Schell Co. for return in (c) less the purchase in (d)

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