Question: Please answer all three . Thanksss 1 1.25 points On April 1st, Gates Gems received merchandise that was purchased on account from Gem Warehouse in

Please answer all three . Thanksss

Please answer all three . Thanksss 1 1.25 points On April 1st,

1 1.25 points On April 1st, Gates Gems received merchandise that was purchased on account from Gem Warehouse in the amount of $1,000. $250 worth of the merchandise was damaged. Gates Gems returned the damaged merchandise and kept the rest. What is the journal entry to record this transaction? O Debit Accounts Payable/Gem Warehouse, $250; credit Purchases Returns and Allowances, $250 O Debit Accounts Payable/Gem Warehouse, 1,000; credit Purchases Returns and Allowances, $1,000 O Debit Accounts Receivable/Gem Warehouse, $250; credit Purchases, $250 O Debit Accounts Receivable/Gem Warehouse, $1,000; credit Purchases $1,000 2 1.25 points On January 3rd, Gates Gems returned merchandise they purchased on account from Jewelry Wholesalers in the amount of $1,450. What is the transaction to reflect this return? O Debit Accounts Payable/Jewelry Wholesalers, $1,450; credit Purchases, $1,450 O Debit Purchases Returns and Allowances, $1,450; credit Purchases, $1,450 Debit Accounts Receivable, $1,450; credit Purchases, $1,450 O Debit Accounts Payable/Jewelry Wholesalers, $1,450; credit Purchases Returns and Allowances, $1,450 3 1.25 points On March 8th, Gates Gems returned merchandise they received on account from Diamonds Direct in the amount of $440. What is the journal entry to record this transaction? O Debit Accounts Payable/Diamonds Direct, $440; credit Purchases Returns and Allowances, $440 Debit Accounts Receivable/Diamonds Direct, $440; credit Purchases, $440 Debit Purchases, $440; credit Accounts Payable/Diamonds Direct, $4400 O Debit Accounts Receivable/Diamonds Direct, $440; credit Purchases Returns and Allowances $440

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