a. Spencer Sporting Goods Company engaged in the following tr Apr S transactions in April 2 ndise 12 n/30, FOB shipping returned for a full credit Sold merchandise on account for $288,000; terms 2/10, / 5 $43,200 of the goods sold on account on April 1 were 8 A sales allowance of $5,760 was granted on the mercha point, freight collect. Payment for these goods had not yet been received April 1 because the merchandise was damaged in shipment,id on Payment was received for the net amount due from the sale of A ndise sold on 10