Mar, 1 Purchased copiers from Xerox Co, for $1,000 each; terms 2/10,n/30. 4 Paid Freight Delivery Co. $500 to deliver the copiers to our business. Returned copiers to Xerox C0. for a refund. Paid Xerox Co. the full amount due on the Mar. 1 purchase. Sold copiers to Connie Customer for $2,500 each; terms 1/10,n/30. Paid Freight Delivery Co. $150 to deliver the copiers to Customer. Granted Customer a $200 allowance for cosmetic damage to one of the copiers. Received full payment of the amount due from Customer. What account was debited when inventory was purchased on March 1 ? Purchases dollar amountt 2000 2. What account was debited when freight was paid on the purchase of inventory on Mar. 4? Ereight-in 3. What account was credited when goods were retyrned to the supplier on Mar. 5 ? Hurchoses returns 3 allowonfedlar amount 1000 4. What account was credited when a discount was taken when the merchandiser paid the suppli Purchases discounts What was the amount of the discount? $20 5. Why is the Merchandise Inventory account showing ZERO balance at the end of March? What are the four new accounts used in the Periodic Inventory System