Accounting for Purchase Transactions Donna Company began operDtions on June 1. The following transactions took place in june- a. Purchases of merchandise on account were 5750,000 b. The cost of freight to receive the inventory was $20,000. This was paid in cash. c. Donna retumed sto,000 of the merchandise due to an ordering error. Donna received a full wedn for thi d. Donina paid the remainicg balance for the merchandise