Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, 1/30. The seller prepaid freight costs of $100. Prior to payment, $1,600 of the merchandise is returned. The invoice is paid within the discount period. Record the foregoing transactions of the buyer in the sequence indicated below, assuming a perpetual Inventory system is used. (a) Purchased the merchandise. (b) Recorded receipt of the credit memo for merchandise returned (c) Paid the amount owed. (a) Inventory Accounts Payable (b) Accounts Payable Inventory (c) Accounts Payable Cash