3 of 20 (1 complete) More Info Sep. 3 Purchased merchandise inventory on account from Sheldon Wholesalers, $7,000. Terms 2/15, n/EOM, FOB shipping point. 4 Paid freight bill of $80 on September 3 purchase. 4 Purchase merchandise inventory for cash of $1,600. 6 Returned $900 of inventory from September 3 purchase. 8 Sold merchandise inventory to Herman Company, $6,200, on account. Terms 2/15, n/35. Cost of goods, $2,666. Purchased merchandise inventory on account from Tex Wholesalers, $9,000. Terms 2/10, n/30, FOB destination. 9 Made payment to Sheldon Wholesalers for goods purchased on September 3, less return and discount. 10 Received payment from Herman Company, less discount. 12 13 15 After negotiations, received a $300 allowance from Tex Wholesalers. Sold merchandise inventory to Jesper Company, $2.900, on account. Terms 2/10, n/EOM. Cost of goods, $1,160 Made payment, less allowance, to Tex Wholesalers for goods purchased on September 9. Jesper Company returned $400 of the merchandise sold on September 15. Cost of goods, $160. Sold merchandise inventory to Smithsons for $1,600 on account that cost $608. Terms of 2/10 n/30 were offered. FOR shinnina noint. As a courtesv to Smithsons 22 23 25 PrintDone MacBook Air