Game Shop Toy Company sells toys and games to retail stores. The firm offers a trade discount of $40$ percent on toys and $30$ percent on games. Its credit sales and sales returns and allowances transactions for August $20$X$1$ are shown below. The general ledger accounts used to record these transactions are listed below. The balance shown for Accounts Receivable is as of the beginning of August. All custmers have n$/45$ credit terms

Help with Sales Journal, General Journal, Ledger Accounts, Income Statement, Schedule of Accounts Receivable, and Game Shop Toy Company sells toys and games to retail stores. The firm offers a trade discount of $40$ percent on toys and $30$ percent

on games. Its credit sales and sales returns and allowances transactions for August $20$X$1$ are shown below. The general ledger

accounts used to record these transactions are listed below. The balance shown for Accounts Receivable is as of the beginning of

August. All customers have n$/45$ credit terms.

GENERAL LEDGER ACCOUNTS

$111$ Accounts Receivable, $$76,600$ Debit

$401$ Sales

$451$ Sales Returns and Allowances

DATE TRANSACTIONS

August $1$ Sold toys to Boston Department Store; issued Invoice $1001,$ which shows a list price of $$18,100$ and a trade

discount of $40$ percent.

August $5$ Sold games to Reader's Bookstores; issued Invoice $1002,$ which shows a list price of $$21,900$ and a trade

discount of $30$ percent.

August $9$ Sold games to Sixth Sense Game Center; issued Invoice $1003,$ which shows a list price of $$7,800$ and a trade

discount of $40$ percent.

August $14$ Sold toys to Little Annie's Toy Store; issued Invoice $1004,$ which shows a list price of $$25,600$ and a trade

discount of $30$ percent.

August $18$ Accepted a return of certain games shipped to Sixth Sense Game Center because they were damaged in transit;

issued Credit Memo $151$ for $$4,680.$ The games were originally sold on August $9,$ Invoice $1003.$

August $22$ Sold toys to The Game Store; issued Invoice $1005,$ which shows a list price of $$17,800$ and a trade discount of

$40$ percent.

August $26$ Sold games to Boston Department Store; issued Invoice $1006,$ which shows a list price of $$18,500$ and a trade

discount of $40$ percent.

August $30$ Sold toys to Magical Toys; issued Invoice $1007,$ which shows a list price of $$20,700$ and a trade discount of

$30$ percent.

Customer Account Balances

Boston Department Store

Little Annie's Toy Store

The Game Store

Magical Toys

Reader's Bookstores

Sixth Sense Game CenterThe effect on net sales please!