On March 1, Warwicks Co., a womens clothing store, purchased $75,000 of merchandise from a supplier on

Fantastic news! We've Found the answer you've been seeking!

Question:

On March 1, Warwick’s Co., a women’s clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. On March 5, Warwick’s returned $9,000 of the merchandise, receiving a credit memo, and then paid the amount due on March 9, within the discount period.