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Exercise 4 On September 4th, Nemesis Sports buys merchandise on account from Nike for $1500, terms 2/10,n/30, FOB shipping point. Nemesis Sports pays freight charges

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Exercise 4 On September 4th, Nemesis Sports buys merchandise on account from Nike for $1500, terms 2/10,n/30, FOB shipping point. Nemesis Sports pays freight charges of $75 on September 5th. On September 8th, Nemesis Sports returns $200 of the merchandise to Nike. On September 14th, Nemesis Sports pays the

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