On October 15, 2018 , Sutton 's Department Store purchased $ 7,100 of inventory on account from one of its suppliers. The terms were 5 /15, n/45, FOB shipping point. On October 17, Sutton 's Department Store paid freight charges of $ 300 related to the delivery of the goods purchased on October 15. Upon receiving the goods, Sutton 's Department Store checked the order and found $ 1,400 of unsuitable merchandise, which was returned to the supplier on October 21. Then, on October 29, Sutton 's Department Store paid the invoice.

Journal Entry Date Accounts Debit Credit Oct 15