Problem #3: Prepaid Freight] April 1. ABC Company purchased merchandise from Pink Company, $10,850, terms FOB Shipping Point, 2/10,n/eom. Prepaid freight of $200 was added to the invoice. Date Accounts Dr Cr Inventory Price Less discount Net Inventory Price Freight Inventory/Accounts Payable April 11, the company paid the amount due within the discount period. Date Accounts Dr Cr Problem #4 (Sale of inventory on credit, receipt of cash & return) Nov 4, sold merchandise on account. $6,200. The cost of the merchandise sold was $4,900. The invoice terms were 2/10, 1/30. Date Accounts Dr cr Nov 14, received full payment from customer. Date Accounts Dr Cr Dec 2. paid customer a cash refund of $1,050 for returned merchandise from the Nov 1 sale. The cost of the merchandise returned was $890. Date Accounts Dr Cr