Try another version of this question Consider the following transactions for Williams Pharmacy: June 3 Williams Pharmacy buys $20,000 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. June 6 Williams Pharmacy pays a $120 freight charge. June 11 Williams Pharmacy returns $5,600 of the merchandise due to damage during shipment. June 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 June 3 June 3 June 6 June 6 June 11 June 11 June 14 June 14 June 14 Date Description Debit Credit June 3 Merchandise Inventory 20,000 June 3 A/P 20,000 June 6 Merchandise Inventory 120 June 6 Cash 120 June 11 A/P 5,600 June 11 Merchandise Inventory 5,600 June 14 A/P 14,400 June 14 Merchandise Inventory 288 June 14 Cash 14,112