8. Nickster Company purchased $8,000 worth of merchandise, FOB shipping point. Transportation costs were an additional $700. The company later returned $1,500 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is: A) $7,070 B) $7,040 C) $8,526 D) $7,056 9. The following are selected transactions of Shadow, Inc.: Sept Sold and shipped on account to Mystic, Inc. merchandise for S5,000 (S3,500 cost), 14 17 terms 2/10, n/45. Mystic, Inc. returned merchandise billed at $1,000 ($700 cost) on Sept 8. Received a check from Mystic, Inc. for full settlement of the Sept 8 transaction. Record the above transactions in general journal form as they would appear on the books of (a) Shadow, Inc. and (b) Mystic, Inc. Both companies use the perpetual inventory system. Omit explanations for the journal entries