merchandise with a list of $4900 and costing $2700 is sold on account, subject to the following terms: fob destination, 2\10, n\30. the seller prepays the freight costs of $85 (debit freight out for the freight costs). prior to payment for the goods, the seller issues a credit memo for $775 to the customer for merchandise costing $430 that is returned. the correct amount is received within the discount period. the company uses a perpetual inventory system. records the foregoing transactions of the seller in the sequence indicated below. a. sold the merchandise recognizing the sale and the cost of merchandise sold. b. paid the freight charges. c. issue the credit memo. d. received payment from the customer.