SE5-3.Stat Question 3 Not complete Marked out of 24.00 P Flag question Accounting for Purchase Transactions Donna Company began operations on June 1. The following transactions took place in June: a. Purchases of merchandise on account were $750,000. b. The cost of freight to receive the inventory was $20,000. This was paid in cash. c. Donna returned $10,000 of the merchandise due to an ordering error. Donna received a full credit for the return. d. Donna paid the remaining balance for the merchandise. General Journal Ref. Description Debit Credit a. b. Accounts payable Cash Inventory C. d. Check