June 1 Sold merchandise to Avery & Wiest for $10,000; terms 1/5, n/15, FOB destination (cost of sales $7,150). 2 Purchased $5,400 of merchandise from Angolac Suppliers; terms 3/10, n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $12,400; terms 3/15, n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $12,000; terms 1/5, n/15, FOB destination (cost of sales $8,200). 6 Collected the amount owing from Avery & Wiest regarding the June 1 sale. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastille Sales for the June 4 purchase. 1. Record the sales; terms 1/5, n/15, FOB destination. 2. Record the cost of sales. 3. Record the purchase of merchandise; terms 3/10, n/20, FOB shipping point. 4. Record the purchase of merchandise; terms 3/15, n/45, FOB Bastille Sales. 5.Record the sales; terms 1/5, n/15, FOB destination. 6.Record the cost of sales. 7.Record the collection for Avery & Wiest. 8.Record the payment for Angolac Suppliers. 9.Record the collection. 10. Record the payment. a. Calculate Net sales. b. Calculate Cost of goods sold. c. Calculate Gross profit from sales.