1 of 4 (4 complete) More Info 4 Purchased merchandise inventory on account from Venice Company, $8,000 Terms 2/10, n/EOM, FOB shipping point. 6 Paid freight bill of $130 on November 4 purchase. 8 Returned half of the inventory purchased on November 4 from Venice Company. 10 Sold merchandise inventory for cash, $1,200. Cost of goods, $480. FOB destination. Sold merchandise inventory to Gregory Corporation, $10,700, on account, terms 2/10, n/EOM. Cost of goods, $5,885. FOB shipping point. Paid freight bill of $60 on November 10 sale. 11 12 13 Sold merchandise inventory to Cabot Company. $9,400 on account, terms of n/45. Cost of goods, $5,170. FOB shipping point. 14 Paid the amount owed on account from November 4, less return and discount 17 Received defective inventory as a sales return from the November 13 sale, $400 Cost of goods, $220 Purchased inventory of $4,600 on account from Richards Corporation. Payment terms were 2/10, n/30, FOB destination Received cash from Gregory Corporation, less discount 18 20 Print Done 1 of 4 (4 complete) More Info 4 Purchased merchandise inventory on account from Venice Company, $8,000 Terms 2/10, n/EOM, FOB shipping point. 6 Paid freight bill of $130 on November 4 purchase. 8 Returned half of the inventory purchased on November 4 from Venice Company. 10 Sold merchandise inventory for cash, $1,200. Cost of goods, $480. FOB destination. Sold merchandise inventory to Gregory Corporation, $10,700, on account, terms 2/10, n/EOM. Cost of goods, $5,885. FOB shipping point. Paid freight bill of $60 on November 10 sale. 11 12 13 Sold merchandise inventory to Cabot Company. $9,400 on account, terms of n/45. Cost of goods, $5,170. FOB shipping point. 14 Paid the amount owed on account from November 4, less return and discount 17 Received defective inventory as a sales return from the November 13 sale, $400 Cost of goods, $220 Purchased inventory of $4,600 on account from Richards Corporation. Payment terms were 2/10, n/30, FOB destination Received cash from Gregory Corporation, less discount 18 20 Print Done