3. Purchase of merchandise on account with return of merchandise. a. Merchandise is purchased on account, credit terms 2/10, n/30, $3,900. Merchandise is returned for credit before payment is made, $500. c. Payment is made within the discount period. Cash Accounts Payable Purchases Purchases Returns and Allowances Purchases Discounts 4. Purchase of merchandise with freight-in. a. Merchandise is purchased on account, $2,400 plus freight charges of $100. Terms of the sale were FOB shipping point. b. Payment is made for the cost of merchandise and the freight charge. Cash Accounts Payable Purchases Freight-In Next Check My Work more Check My Work uses remaining