Journalize entries for the following related transactions of lilly heating & air company: purchased $31,000 of merchandise from schell co. on account, terms 2/10, n/30. paid the amount owed on the invoice within the discount period. discovered that $6,200 before purchases discount of the merchandise was defective and returned items, receiving credit. purchased $4,600 of merchandise from schell co. on account, terms n/30. received a check for the balance owed from the return in (c), after deducting for the purchase in (d).