202X Jan 4 Sold merchandise for $500 cash. The cost of merchandise was $400. 9 Purchased merchandise from Jess Co. on account, $6,000 F.0.B. shipping point (buyer pays freight); terms 2/10, n/30. Freight to be paid on January 20 . 20 Paid freight on January 9 purchase, $125. 202X Jan 4 Sold merchandise for $500 cash. The cost of merchandise was $400. 9 Purchased merchandise from Jess Co. on account, $6,000 F.0.B. shipping point (buyer pays freight); terms 2/10, n/30. Freight to be paid on January 20 . 20 Paid freight on January 9 purchase, $125