P4-5 Sales and purchase-related transactions for seller and buyer The following selected transactions were completed during June between Snipes Company and Beejoy Company: June 8. Snipes Company sold merchandise on account to Beejoy Company, $18.250, terms FOB destination, 2/15, n/com. The cost of the merchandise sold was $10,000. 8. Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Beejoy Company on June 8. 12. Beejoy Company returned $5,000 of merchandise purchased on account on June 8 from Snipes Company. The cost of the merchandise returned was $3,000. 23. Beejoy Company paid Snipes Company for purchase of June 8, less discount and less return of June 12. 24. Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms FOB shipping point, n/eom. The cost of the merchandise sold was $9,000. 26. Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company, 30. Beejoy Company paid Snipes Company on account for purchase of June 24