### Journalize enid co. entries to record the purchase

Assignment Help Financial Accounting
##### Reference no: EM13510706

Enid Co., a women's clothing store, purchased \$7,500 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Enid Co. returned \$1,200 of the merchandise, receiving a credit memorandum, and then paid the amount due within the discount period. Journalize Enid Co.'s entries to record

(a) The purchase,
(b) The merchandise return, and
(c) The payment.

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