The Purchase Returns and Allowances Journal is a special journal that is used to record the returns and allowances of merchandise purchased on account. Steps in journalising Rturns Outwards The following Returns Outwards transactions are Journalised below: 2009 July 9 Goods returned to Karnot Webb $40 July 14 Returned goods to Harlot Mcqueen $50 July 31 Returns…