Current Attempt in Progress On June 10, Sheffield Company purchased $9,350 of merchandise on account from Sarasota Company, FOB shipping point, terms 2/10, n/30. Sheffield pays the freight costs of $560 on June 11. Goods totaling $650 are returned to Sarasota for credit on June 12. On June 19, Sheffield pays Sarasota Company in full, less the discount. Both companies use a perpetual inventory system.