1. May2, Business purchased $9,300 inventory from AMC Inc. Term 3/10, n/30FOB 2. May5, business bought $3,120 inventory from the Milecraft Inc. Term 1/15,n/30 FOB 3. May6. Business paid $310 shipping charges for the inventory purchased on May 5 4. May7, business found $540 defective units from the May2 purchase, returned them back to AMC Inc. 5. May8, business bought $1,305 inventory from LandsView Inc. paid in Cash 6. May 20, Business paid AMC Inc in full 7. Instead of paying AMC Inc on May20, What would be the entry if the business was paying AMC Inc on May12. 8. May20, business paid Milecraft In in full 1. May2, Business purchased $9,300 inventory from AMC Inc. Term 3/10, n/30FOB 2. May5, business bought $3,120 inventory from the Milecraft Inc. Term 1/15,n/30 FOB 3. May6. Business paid $310 shipping charges for the inventory purchased on May 5 4. May7, business found $540 defective units from the May2 purchase, returned them back to AMC Inc. 5. May8, business bought $1,305 inventory from LandsView Inc. paid in Cash 6. May 20, Business paid AMC Inc in full 7. Instead of paying AMC Inc on May20, What would be the entry if the business was paying AMC Inc on May12. 8. May20, business paid Milecraft In in full