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

Purchase-Related Transactions

Journalize entries for the following related transactions of Manville Heating & Air Company:

a. Purchased $34,000 of merchandise from Wright Co. on account, terms 2/10, n/30.

b. Paid the amount owed on the invoice within the discount period.

c. Discovered that $6,800 of the merchandise purchased in (a) was defective and returned items, receiving credit.

d. Purchased $5,400 of merchandise from Wright Co. on account, terms n/30.

e. Received a refund from Wright Co. for return in (c) less the purchase in (d).
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