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Journalize entries for the following related transactions

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Journalize entries for the following related transactions of Westcoast Diagnostic Company:

a. Purchased $25,000 of merchandise from Presidio Co. on account, terms 2/10, n/30.

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

c. Discovered that $5,000 of the merchandise was defective and returned items, receiving credit.

d. Purchased $4,000 of merchandise from Presidio Co. on account, terms n/30.

e. Received a check for the balance owed from the return in (c), after deducting for the purchase in (d).

Reference no: EM131122751

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