Try another version of this question Consider the following transactions for Williams Pharmacy: May 3 Williams Pharmacy buys $25,100 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. May 5 Williams Pharmacy pays a $160 freight charge. May 11 Williams Pharmacy returns $6,200 of the merchandise due to damage during shipment. May 18 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 May 3 May 3 May 5 May 5 May 11 May 11 May 18 May 18 May 18 Date Description Debit Credit May 3 Merchandise Inventory 25,100 May 3 A/P 25,100 May 5 Merchandise Inventory 160 May 5 Cash 160 May 11 A/P 6,200 May 11 Merchandise Inventory 6,200 May 18 A/P 18,900 May 18 Merchandise Inventory 378 May 18 Cash 18,522