Cash 150 (3) (4) 11,880 (2) (4) Inventory 13,860 (3) 1,980 (2) 150 a. Describe each transaction. 1. Purchased merchandise on account net of discount Paid freight 2. 3. An allowance for return of merchandise was granted by the creditor, Paid the balance due within the discount period. 4. b. Determine the invoice amount of the merchandise that was returned in (3) 13,721 x Fauce