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Griffin 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

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Griffin 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 $300 purchase on her American Express card. American Express charges a 2 percent credit card fee. Cost of goods sold was $175. July 15 Sold merchandise to customer Tat an invoice price of $5,600; terme 1/10, n/30. Cost of goods sold was $2,800. July 20 collected cash due from Customer T. July 21 Before paying for the order, a customer returned shoes with an invoice price of $1,3001 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.) Transaction Net Sales Gross Cost of Goods Sold Profit July 12 July 15 July 20 July 21

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