Current Attempt in Progress Information related to Novak Co. is presented below. 1. 2. On April5, purchased merchandise on account from Kingbird Company for $31,400, terms 2/10, net/30, FOB shipping point. On April 6, paid freight costs of $810 on merchandise purchased from Kingbird. 3. On April 7, purchased equipment on account for $31,000. 4. On April 8, returned $4,400 of mercyndise to Kingbird Company. .g, On April 15, paid the amount due to Kingbird Company in full