Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in Canada. Oct. 1 Purchased $2,000 of hair spray from Orbit Pro; terms 3/10, n/30, roo shipping point. The appropriate party paid the shipping cost of $230. 5 Sold shampoo costing $630 to Barber & Co. for a price of $900 with terms of 2/10, n/30, FOB shipping point. The appropriate party paid the shipping cost of $95. 7 Returned $800 of inventory to Orbit Pro due to an error in the October 1 order. 10 Paid Orbit Pro for the purchase on October 1. 14 Barber & Co. returned $160 of Inventory from the sale on October 5. The Inventory had a cost of $112. 22 Received the payment from Barber & Co. on the October 5 sale. 23 Purchased $2,600 of hair conditioner from Keratin Hair; terms 2/10, n/30, FOS shipping point. The appropriate party paid the shipping cost of $450. 25 Sold hair gel to Styling Room for an invoice price of $1,300, terms 2/10, n/30, F06 destination. The hair gel had a cost of $918. The appropriate party paid the shipping cost of $225. 26 Paid for the purchase on October 23. 31 Received the payment from Styling Room on the October 25 sale.