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. Juiy 12 sold merehandiae to euntomer at tactory atore who eharged the $600 purchace on her Meerican Express card. American Express charges a 3 percent eredit card fee, Cont of goods sold was $475. July 15 sold morchandine to customer T at an involce price of $5,200; terms 1/10,n/30. Cost of goods sold was $2,600. July 20 collected cash due tron Custoner. T. July 21 Before paying for the order, a eustoner returned ohoes with an invoice price of $1,2007 cost of goodn sold was $720. 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