Question: 3. Using the information below, record the October 2019 merchandising journal entries for McDowell's. Oct. 2 McDowell's purchased $67,000 of merchandise from Harris Co. The

3. Using the information below, record the October 2019 merchandising journal

3. Using the information below, record the October 2019 merchandising journal entries for McDowell's. Oct. 2 McDowell's purchased $67,000 of merchandise from Harris Co. The terms are FOB Destination, 2/15, net/45. Oct. 5 McDowell's purchased merchandise on account from JSmooth for $105,000. The terms are FOB Shipping Point, 3/10, net/30. Oct. 6 McDowell's paid $11,00 of freight costs for the merchandise purchased from JSmooth. Oct. 7 McDowell's found $2,150 of merchandise they didn't order and returned it to JSmooth for a refund. Oct. 15 McDowell's paid the amount due to JSmooth in full. Oct. 20 Harris Co. granted McDowell's a $4,800 credit for returned merchandise. Oct. 30 McDowell's paid the amount due to Harris Co. in full

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