On October 15, 2018, Chandler's Department Store purchased 53,900 of inventory on account from one of its suppliers. The terms were 2/15. 1/45. FOB shipping point. On October 17, Chandler's Department Store paid freight charges of $140 related to the delivery of the goods purchased on October 15. Upon receiving the goods, Chandler's Department Store checked the order and found $1,100 of unsuitable merchandise, which was returned to the supplier on October 21. Then, on October 29, Chandler's Department Store paid the invoice Read the requirement Start by journalizing the October 15, 2018 purchase of inventory on account. (Record debits first, then credits. Exclude explanations from any loumal entries.) Journal Entry Accounts Date Debit Credit Oct 15