15

Purchased merchandise with an invoice price of $72,500 and credit terms of 5/5, n/15.

29

Paid supplier the amount owed on the September 15 purchase.

2

Purchased $4,800 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.

3

Paid $330 cash for shipping charges on the April 2 purchase.

4

Returned to Lyon Company unacceptable merchandise that had an invoice price of $800.

17

Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.

18

Purchased $8,900 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.

21

After negotiations, received from Frist a $500 allowance toward the $8,900 owed on the April 18 purchase.

28

Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.

1

Purchased merchandise with an invoice price of $96,000 and credit terms of 2/10, n/30.

11

Paid supplier the amount owed from the August 1 purchase.