A company purchase merchandise for $9,000 on credit terms 2/10, n/30, on May 8, 2001 before payment of the invoice, the company returned one-third of the goods for credit because they were damaged in shipment. Give the preferable entry for the return, assuming a periodic inventory system is used by the company.

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The Answer of A company purchase merchandise for $9,000 on credit terms 2/10, n/30, on May 8, 2001 before payment of the invoice, the company returned one-third of the goods for credit because they were damaged in shipment. Give the preferable entry for the return, assuming a periodic inventory system is used by the company.

A Company Purchase Merchandise for $9,000 on Credit Terms 2/10