e the following transactions for the buyer, Thompson Company, using the gross method to account for purchase discounts. Assume a perpetual inventory system. Purchased merchandise from Parker Company on account, $5,000, terms 2/10, n/30. The goods are shipped FOB shipping point, freight prepaid by seller, $220. Returned to Parker Company merchandise previously purchased on account, $400 Paid the amount due to Parker Company. September 9 September 15 September 19 Date Account Title Credit Clear Undo Help