Information related to Concord Co. is presented below. 1 On April 5, purchased merchandise on account from Shamrock Company for $32,400, terms 3/10.net/30. FOB shipping point On April 6, paid freight costs of $860 on merchandise purchased from Shamrock. On April 7, purchased equipment on account for $40,000, On April 8, returned damaged merchandise to Shamrock Company and was granted a $6,800 credit for returned merchandise. On April 15, paid the amount due to Shamrock Company in full. 4. 5. Date Account Titles and Explanation Debit Credit 1