Directions A merchandiser is a business that sells merchandise, or goods, to customers. There are two main types of inventory accounting systems that are used by merchandisers, periodic and perpetual. Each person choose one transaction and show how it is recorded in a perpetual inventory system. 1. Purchase of $23,800 in merchandise inventory on account with terms 2/15, n/30, FOB shipping point 2. The company pays freight of $50 3. The company returns $5,200 of the merchandise due to damage during shipment. 4. The company paid the amount due less the return and discount (within the discount period)