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August 1 Purchased merchandise from Griffin Company for $7,700 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. August 5 Sold merchandise
August 1 Purchased merchandise from Griffin Company for $7,700 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. August 5 Sold merchandise to Clinton Corporation for $5,300 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $3,200. August 8 Purchased merchandise from Parker Corporation for $5,440 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8. August 9 Paid $325 cash for shipping charges related to the August 5 sale to Clinton Corporation August 10 Clinton returned merchandise from the August 5 sale that had cost Brown's $100 and was sold for $200. The merchandise was restored to inventory. August 12 After negotiations with Parker Corporation concerning pr
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