My professor wants us to journal these. Seller POV Jan 2. Sold merchandise on account, $8000, terms FOB shipping point, n/eom. The cost was $6000. Jan 8. Sold merchandise on account $ 20,000, terms FOB destination, 1/10, n/30. The cost was 14,000 16- sold merch on acc 12,000 terms FOB shipping point, 1/10, n/30. cost was 7,200 18- received check for amount due for sale on Jan 8 19 issued credit memo and for 3000 for merch returned from sale jan 16. the cost of merch returned, 1,800 26-received check for amount due for sale on jan 16 less credit memo of jan 19 and discount 31- paid gallatin delivery service 1,500 for merch delivered during Jan to customers under shipping terms of FOB destination 31 received check for amount due for sale on jan 2. BUYER POV Silvergate Co. May 3. purchased merch for, 16,000m terms FOB destination, 2/10, n/30. 6- issed debit memo for 4000 of merch returned from purchase on may 3 10 purchased merch, 25000 terms FOB shipping point, n/eom 10-paid freight of 600 on many 10 purchase 13- paid for invoice of may 3 less debit memo of may 6 and discount 31 paid for invoice of may 10