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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 supplieron 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, and (c) the payment.

Reference no: EM132876984

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