June Snipes Company sold merchandise on account to Becios Company, 818,250, terms FOB destination, 2/15, n/com. The cost of the merchandise sold was 8. STO,000. 8. Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Boccioy Company on June 8 12. Besioy Company returned merchandise with a selling price of $5,000 (54.900 niet of discount) purchased on June 8 from Snipes Company. The cost of the merchandise returned was $3,000. 23. Besioy Company paid Snipes Company for purchase of June 8, less refund on return of June 12. 24. Snipes Company sold merchandise on account to Becios Company, S15,000, terms FOB shipping point, n/com. The cost of the merchandise sold was $9.000 26. Begioy Company paid transportation charges of $375 on June 24 purchase from Snipes Company 30. Besio. Company paid Snipes Company on account for purchase of June 24 Instructions Illustrate the effects of each of the preceding transactions on the accounts and financial statements of (1) Snipes Company and (2) Becias. Company. Identify each transaction by date. Snipes Company (Seller) Balance Sheet Assets Liabilities + Shareholders Equity Account Merchandise Est. Retum Customer Refunds Retained Description of Retained Capital Stock Date Cash Receivable Inventory Inventory Payable Earnings Earings Transaction 8-Jun 8-Jun 12-Jun 23-Jun 24.Jun 30-Jun