Try another version of this question Consider the following transactions for Williams Pharmacy: January 3 Williams Pharmacy buys $24,400 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. January 4 Williams Pharmacy pays a $90 freight charge. January 8 Williams Pharmacy returns $6,000 of the merchandise due to damage during shipment. January 16 Williams Pharmacy paid the amount due, less return and discount. Journalize the purchase transactions. Finally, how much did the inventory cost Williams Pharmacy? $ Date Description Debit Credit January 3 January 3 January 4 January 4 January 8 January 8 January 16 January 16 January 16 Date Description Debit Credit January 3 Merchandise Inventory 24,400 January 3 A/P 24,400 January 4 Merchandise Inventory 90 January 4 Cash 90 January 8 A/P 6,000 January 8 Merchandise Inventory 6,000 January 16 A/P 18,400 January 16 Merchandise Inventory 368 January 16 Cash 18,032