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. July 12 Sold merchandise to custoner at factory store who charged the $500 purchase on her Anerican Express card. Anerican Express charges a 3 percent credit card fee. Cost of goods sotd was $375. Juty 15 Sold merchandise to Customer T at an invoice price of 54,100 ; teras 2/10,n/38. Cost of goods sold was $2,050. July 20 collected cash due fron Customer T. Juty 20 Coltected cash due fron Customer T. July 21 Before paying for the order, a custoner returned shoes with an invoice price of $1,400 : cost of goods sold was $848. Complete the following table by entering the omounts of the effects of each transaction, including the related cost of goods sold. Note: Indicate decreases with a minus sign