Recording Purchases: Perpetual Inventory.System The transactions that follow took place under the perpetual inventory system. a. Purchased merchandise on credit, terms n/30, FoB shieping point, $5,000 b. Paid freight on the shipment in transaction a, $270. c. Purchased merchandise on credit, terms n/30, FOB destination, $2,800. d. Purchased merchandise on credit, terms n/30, FOB shipping point, $5,200, which includes freight paid by the supplier of $400 e. Returned part of the merchandise purchased in transaction c, $1,000 f. Paid the amount owed on the purchase in transaction a. g. Paid the amount owed on the purchase in transaction d. h. Paid the amount owed on the purchase in transaction c less the return in e