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Discuss the amount due within the discount period

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Reference no: EM131745926

This is purchase related transactions.

Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination 2/10, n/30.

Warwick's returned $9,000 of the merchandise receiving a credit memo and then paid the amount due within the discount period. journalize Warwick's entries to record a)the purchase b) the merchandise return c) the payment.

Reference no: EM131745926

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