Try another version of this question Consider the following transactions for Williams Pharmacy: October 3 Williams Pharmacy buys $26,100 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. October 5 Williams Pharmacy pays a $80 freight charge. October 11 Williams Pharmacy returns $5,000 of the merchandise due to damage during shipment. October 14 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 October 3 October 3 October 5 October 5 October 11 October 11 October 14 October 14 October 14 Date Description Debit Credit October 3 Merchandise Inventory 26,100 October 3 A/P 26,100 October 5 Merchandise Inventory 80 October 5 Cash 80 October 11 A/P 5,000 October 11 Merchandise Inventory 5,000 October 14 A/P 21,100 October 14 Merchandise Inventory 422 October 14 Cash 20,678