Current Attempt in Progress On June 10, Swifty Company purchased $8,400 of merchandise on account from Sheffield Company, FOB shipping point, terms 3/10, n/30. Swifty pays the freight costs of $410 on June 11. Goods totaling $700 are returned to Sheffield for credit on June 12. On June 19. Swifty pays Sheffield Company in full, less the discount. Both companies use a perpetual inventory system. Inventory June 19 Accounts Payable Inventory Cash