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E 6 - 4 ( Algo ) Determining the Effects of Credit Sales, Sales Discounts, Credit Card Sales, and Sales Returns and Allowances on Income

E6-4(Algo) Determining the Effects of Credit Sales, Sales Discounts, Credit Card Sales, and Sales
Returns and Allowances on Income Statement Categories LO6-1
Griffin Shoe Company records Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts as contra-revenues.American Express card. American Express charges a 3 percent credit card fee. Cost of
goods sold was $575.
July 15 Sold merchandise to Customer T at an invoice price of $5,700; terms 1/10, n/30. Cost ofJuly 20 Collected cash due from Customer T.
July 21 Before paying for the order, a customer returned shoes with an invoice price of $1,200;
Complete the following table by entering the amounts of the effects of each transaction, including the related cost of goods sold.
Note: Indicate decreases with a minus sign.
Answer is complete but not entirely correct. July 20th Net Sales $0 is wrong and so is July 20th Gross Profit $0. So please give me the right number amounts for these two since everything else is correct
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