1st July sold merchandise on account to Lansdown Co $23,500, trade discount 10%, terms FOB shipping point 2/10, n/30 The cost of merchandise sold was $12,000. 4th July purchased merchandise from Hayman Co. $43,250, trade discount 15%, term FOB shipping point, 1/10 n/30 prepaid freight of $650 was added to the invoice. 8th July Issued credit memo for $3000 to Lansdown Co, Trade discount 10% the cost of the merchandise returned $1500 Related to the sale made on 1st July. 9th July Received payment from Landsdown for purchase made on 1st July. 14 July Sold merchandise for $22,000, Plus sale tax of 15%, Term FOB shipping points, 2/10 n/30