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Journalize Mayn Co entries to record the purchase

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Problem - Purchase-related transactions

Mayn Co., a women's clothing store, purchased $36,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Mayn Co. returned $4,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. Journalize Mayn Co.'s entries to record (a) the purchase (b) the merchandise return (c) the payment.

Reference no: EM132680273

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