torting histi Edito EX 5-7 Purchase-Related Transactions Obj. 2 Stylon Co., a women's clothing store, purchased $48,000 of merchandise from a supplier on account, terms FOB destination, 2/10, 1/30. Stylon returned merchandise with an invoice amount of $7,500, receiving a credit memo. Journalize Stylon's entries to record (a) the purchase, (b) the merchandise return, (c) the payment within the discount period of 10 days, and (d) the payment beyond the discount period of 10 days. . EX 5-9 Sales-Related Transactions, Including the Use of Credit Cards Obj. 2 Journalize the entries for the following transactions: 1. Sold merchandise for cash, $25,000. The cost of the goods sold was $17,500. 2. Sold merchandise on account, $98,000. The cost of the goods sold was $58,800. 3. Sold merchandise to customers who used MasterCard and VISA, $475,000. The cost of the goods sold was $280,000. 4. Sold merchandise to customers who used American Express, $63,000. The cost of the goods sold was $39,000. 5. Received an invoice from National Clearing House Credit Co. for $13,450 representing a service fee paid for processing MasterCard, VISA, and American Express sales