14. West Company has the following account balances: $38,000. 4,000. 2,500. 1,875, 2,500. Purchases Sales Returns and Allowances Purchase Discounts Freight-in Delivery Expense The cost of goods purchased for the period is a. $40,500. b. $37,375 $39,875 d.) $35,875 -15. The joumal entry to record a retum of morchandise purchased on accour periodic inventory system would be a Accounts Payable b. Purchases Returns and Allowances c. Accounts Payable d. Inventory Purchase Returns and Allowances Accounts Payable Inventory Accounts Payable 16. The Freight-jn account Increases the cost of merchandise purchased. Is contra to the Purchascs account. c. Is a permanent account 14. West Company has the following account balances: $38,000. 4,000. 2,500. 1,875, 2,500. Purchases Sales Returns and Allowances Purchase Discounts Freight-in Delivery Expense The cost of goods purchased for the period is a. $40,500. b. $37,375 $39,875 d.) $35,875 -15. The joumal entry to record a retum of morchandise purchased on accour periodic inventory system would be a Accounts Payable b. Purchases Returns and Allowances c. Accounts Payable d. Inventory Purchase Returns and Allowances Accounts Payable Inventory Accounts Payable 16. The Freight-jn account Increases the cost of merchandise purchased. Is contra to the Purchascs account. c. Is a permanent account