5. What are the main differences between FOB Destination and FOB Shipping Point? 6. If a retailer purchased inventory in the amount of $680, terms 3/10,n/60, returned $120 of the inventory for a full refund, and received an allowance for $70, how much would the discount be if the retailer remitted payment within the discount window? 7. What is the normal balance of the following accounts? a. Cost of Goods Sold b. Customer Refunds Payable c. Delivery Expense d. Estimated Returns Inventory e. Inventory f. Sales g. Sales Tax Payable 8. Urban Outfitter Inc., which uses a perpetual inventory system, experienced a normal inventory shrinkage of $13,675. What accounts would be debited and credited to record the adjustment for the inventory shrinkage at the end of the accounting period? 5. What are the main differences between FOB Destination and FOB Shipping Point? 6. If a retailer purchased inventory in the amount of $680, terms 3/10,n/60, returned $120 of the inventory for a full refund, and received an allowance for $70, how much would the discount be if the retailer remitted payment within the discount window? 7. What is the normal balance of the following accounts? a. Cost of Goods Sold b. Customer Refunds Payable c. Delivery Expense d. Estimated Returns Inventory e. Inventory f. Sales g. Sales Tax Payable 8. Urban Outfitter Inc., which uses a perpetual inventory system, experienced a normal inventory shrinkage of $13,675. What accounts would be debited and credited to record the adjustment for the inventory shrinkage at the end of the accounting period