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Feb. 3: Purchased $2,900 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sue's Shoppe. Date Accounts Feb. 3

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Feb. 3: Purchased $2,900 of merchandise inventory on account under terms 2/10, n/EOM and FOB shipping point from Sue's Shoppe. Date Accounts Feb. 3 Merchandise Inventory Accounts Payable-Sue's Shoppe Feb. 7: Returned $500 of defective merchandise purchased on February 3. Date Accounts Feb. 7 Accounts Payable-Sue's Shoppe Merchandise Inventory Debit Credit 2842 2842 Debit. Credit 500 500

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