Question 1 (3 marks) On Jan. 1, Melody Inc. sells merchandise to Music Inc. on account for $1700 terms 2/10, n/15, FOB destination. The cost of the merchandise was $1050. Both companies use a perpetual inventory system. On Jan. 3, the appropriate company paid the shipping cost of $150. On Jan. 6th, Music returns $400 worth of merchandise. The cost of the returned merchandise was $250. On Jan. 9, Music Inc. settled the outstanding amount. Record the transactions in Melody Inc. and Music Inc.'s books. Explanations are not required. Date Melody Inc. Jan. 1 Jan. 3 Jan. 6 Jan. 9 Music Inc. Dr.S Cr.S Dr.S Cr.S ba