Determining the Effects of credit sales, Sales Discounts, credit card sales, and sale turns and Allowances on Income Statement Categories LO6-1 Brazen shoe Company records Sales Returns and Allowances, Sales Discounts, and credit Card Discounts as contra-revenues. July 12 sold merchandise to customer at factory store who charged the $500 purchase on her American Express card. American Express charges a 2 percent credit card fee. Cost of goods sold was $375. July 15 Sold merchandise to Customer an invoice price of $4, 400; terms 2/10, n/30. Cost of goods sold was $2, 200. July 20 Collected cash due from customer T. July 21 Before paying for the order, a customer returned shoes with an invoice price of $1, 300, and cost of goods sold was $780. Complete the following table by entering the amounts of the effects of each transaction, including the related cost of goods sold (Indicate decreases with a minus sign.)