A 2, Purchased $4,000 of merchandise on account from Gamma Co., terms 2/10n/30. 4 Returned $2,000 of the merchandise purchased on April 2 12. Paid for the purchase of April 2 less the return and discount. The purchase amount that Icon Co. would record on April 2 would be a. $3,200 b. $3,920. C. $4,000. d. None of these choices are correct. 4. On July 20, Rich Company sold merchandise to York Associates on account, terms FOB destination. Rich Company would record the freight cost as a to a. debit; Inventory b. credit; Inventory C. debit; Delivery Expense d. credit; Delivery Expense Previous Next All work saved