Exercise 8.5 Recording a purchase allowance. LO 8-4 On April 17, New World Appliances was given an allowance of $1,090 by Upscale Kitchens, which issued Credit Memorandum 112. The allowance was for scratches on stoves that were originally purchased on Invoice 911 dated March 20. Prepare the general journal entry that New World Appliances would make for this transaction. Journal entry worksheet Record the entry for the credit memo received for the damaged merchandise Note: Enter debits before creaits View general journal Prev 4017 Next 5 8 9 0