Im confused on how to journalize this:

-Purchased murchandise on account from Company A, 5000 Terms 1/15, N/EOM, FOB shipping point

The part I don't get is this:
Made payment to Company A for goods purchased above, less return and discount.

I don't even know where to begin

Please help.

First you have to compute 1% of $5,000 which will be the amount of the discount received. Now take the $5,000 minus the discount to get the amount of the payment.

Your journal entry will be:
Debit Accounts Payable for 5,000
Credit Cash for the amount of the payment
Credit Purchase Discounts for the amount of the discount

If there was a return of part of the merchandise purchased you will have to reduce the $5,000 by the amount of merchandise returned. Then use this amount for the $5,000 in the calculations above.

Oh, I get it. Thank you!