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Journalize versailles corporations entries to record

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Reference no: EM131122748

1. Versailles Co., a women's clothing store, purchased $18,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Versailles Co. returned $3,000 of the merchandise, receiving a credit memo, and then paid the amount due within the discount period. Journalize Versailles Co.'s entries to record 

(a) The purchase, 

(b) The merchandise return, and 

(c) The payment.

Reference no: EM131122748

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