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Calculator Sales-Related Transactions The selected transactions below were completed by Affordable Supplies Co., which sells supplies primarily to wholesalers and occasionally to retail customers. Instructions: Illustrate the effects on the accounts and financial statements of recording the following transactions of Affordable Supplies Co. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases, cash outflows, and the income statement effects that reduce net income as negative amounts. Jan. 6. Sold merchandise on account, $14,000, terms FOB shipping point, n/eom. The cost of merchandise sold was $8,400. Balance Sheet Statement Stockholders' Income of Cash Assets Liabilities + Equity Statement Flows + Jan. 6. Jan. 6. Statement of Cash Flows Income Statement Jan. 8. Sold merchandise on account, $20,000, terms FOB destination, 1/10, n/30. The cost of merchandise sold was $14,000. Balance Sheet Statement Income Stockholders' of Cash Liabilities Assets + Equity Statement Flows Jan. 8. Jan. 8. Income Statement Statement of Cash Flows Jan. 16. Sold merchandise on account, $19,500, terms FOB shipping point, n/30. The cost of merchandise sold was $11,700. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Statement Jan. 16. O O O Jan. 16. Jan. 16. Sold merchandise on account, $19,500, terms FOB shipping point, n/30. The cost of merchandise sold was $11,700. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Statement Jan. 16. Jan. 16. Income Statement Statement of Cash Flows Jan. 18. Received check for amount due for sale on January 8. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Statement + Jan. 18. Jan. 18. Statement of Cash Flows Income Statement Jan. 19. Issued credit memorandum for $4,500 for merchandise returned from sale on January 16. The cost of the merchandise returned was $2,700. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Statement Jan. 19. Statement of Cash Flows Jan. 19. Income Statement Jan. 26. Received check for amount due for sale on January 16 less credit memorandum of January 19. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Statement 1 lan 26 Jan. 26. Received check for amount due for sale on January 16 less credit memorandum of January 19. Balance Sheet Statement of Cash Flows Assets Liabilities Stockholders' Equity Income Statement C C C Jan. 26. Jan. 26. C Statement of Cash Flows Income Statement Jan. 31. Paid Cashell Delivery Service $3,000 for merchandise delivered during January to customers under shipping terms of FOB destination. Balance Sheet Statement of Cash Flows Assets Liabilities Stockholders' Equity Income Statement Jan. 31. Jan. 31. Statement of Cash Flows Income Statement Jan. 31. Received check for amount due for sale of January 6. Balance Sheet Statement of Cash Flows Assets Liabilities Stockholders' Equity Income Statement Jan. 31. Statement of Cash Flows Income Statement