e. None of the above 3. On March 4 we returned $1,300 of merchandise purchased on March 1 from Annex Co. a. Accounts Payable 1,287 Merchandise Inventory 1,287 b. Accounts Payable 1,300 Merchandise Inventory 1,300 c. Accounts Payable 1,300 Cost of Merchandise Sold 1,300 d Accounts Payable 1,287 Cost of Merchandise Sold 1,287 e. None of the above ER Cash On March 10 we paid Annex Co. on account for the purchase of March 1, less the return of March 4 and discount. a. Accounts Payable 4,700 4,700 b. Accounts Payable 4,640 Cash 4,640 C. Accounts Payable 4,700 Merchandise Inventory 47 Cash 4,653 d. Accounts Payable 4,700 Sales Discount 47 Cash 4,653 e None of the above 5. 20 pc On March 11 we sold merchandise for cash, $4,350. The cost of the merchandise sold was $1,750 a Cash 4,350 Cost of Merchandise Sold 1,750 Gross Profit 2,600 b. Cash 4,350 Sales 4,350 Cost of Merchandise Sold 1,750 Gross Profit 1,750 C Cash 4,350 Sales 4,350 Cost of Merchandise Sold 1,750 Merchandise Inventory d. Cash 4,350 Sales 4,350 Merchandise Inventory 1,750 Cost of Merchandise Sold 1,750 e. None of the above 1,750 1. 5.940 On March 1 we purchased $6,000 of merchandise on account from Annex Co, terms FOB shipping point, 1/10, r/30 Merchandise Inventory 5,940 Accounts Payable b Merchandise inventory 6,000 Accounts Payable C Cost of Merchandise Sold 6,000 Accounts Payable 6,000 d Cost of Merchandise Sold 5,940 Accounts Payable 5,940 None of the above 6,000 2 On March 3 we paid freight charges of 5500 on merchandise purchased from Annex Co on March Merchandise inventory 500 Cash 500 b Delivery Expense 500 Cash 500 Freight Out 500 Cash 500 d. Cost of Merchandise Sold 500 Cash 500 None of the above e