2 3125 point Belmar Cosold merchandise to its customer, Ocean Grove, Inc. The terms of the sale specified FOB Destination, meaning that ownership of the goods would pass to Ocean Grove when the public carrier (such as UPS) accepted the shipment from Belmar. Ocean Grove should pay the shipping costs Belmar should pay the shipping costs the public carrier (UPS) owns the goods while they are on the truck 3 1125 posts Eastern Waves Casells surfboards and other beach gear. On 11/1, the company purchases on account an inventory of 200 surfboards at a total cost of $20.000. On 11/9. Eastern Waves asks its vendor for a $1.000 allowance on the surfboards (Eastern Waves has not paid for the surfboards yet. To correctly record the allowance, Eastern Wives should debit Cash and credit Inventory debit Accounts Payable and credit inventory debit Cash and credit Accounts Payabile. No entry is required because with an allowance no surfboards are actually returned