The debits and credits from four related transactions, (1) through (4), are presented in the following T accounts. Assume that the freight terms were FOB shipping point and that the credit terms were...

The debits and credits from four related transactions, (1) through (4), are presented in the following T accounts. Assume that the freight terms were FOB shipping point and that the credit terms were 1/10, n/30. Determine the invoice amount of the merchandise that was returned in (3). Inventory (1)                                         13860    Accounts Payable                                    13860Inventory (2)                                        150    Cash                                                         150Accounts Payable (3)                         1980    Inventory                                                  1980Accounts Payable (4)                        11880Cash                                                             11880