P4-2 Sales-related transactions s Co., which The following selected transactions were completed by Affor sells supplies p rimarily to wholesalers and occasionally to retail customers n/eom. The cost of merchandise sold was $8,400. cost of merchandise sold was $14,000. of merchandise sold was $11,700. FOB shipping point, Jan. 6. Sold merchandise on account, $14,000, terms 8. Sold merchandise on account, $20,000, terms FOB destination, 1/10, n/30. The 16. Sold merchandise on account, $19,500, terms FOB shipping point, n/30. The cos 18. Received check for amount due for sale on January 8. 19. Issued credit memorandum for $4,500 for merchandise returned from sale 26. Received check for amount due for sale on January 16 l 31. Paid Cashell Delivery Service $3,000 for merchandise delivered during January to 31. Received check for amount due for sale of January 6. January 16. The cost of the merchandise returned was $2,700. of January 19. customers under shipping terms of FOB destination. ess credit memorandum