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EX 6-8 Purchase-related transactions Journalize entries for the following related transactions of Manville Heating & Air Company a. Purchased $90,000 of merchandise from Wright Co. on account, terms 2/10, n/30. b. Paid the amount owed on the invoice within the discount period. c. Discovered that $18,000 of the merchandise purchased in (a) was defective and re- OBJ.2 turned items, receiving credit for $17,640 [$18,000-($18,000 x 2%). d. Purchased $10,000 of merchandise from Wright Co. on account, terms n/30. e. Received a refund from Wright Co. for return in (c) less the purchase in (d)