The following selected transactions were completed during May between Marvel Comics Company and Conic Center Company: May 1. Marvel Comics Company sold merchandise on account to Comic Center Company, $87,500, terms FOB destination, 3/15, n/30. The cost of the goods sold was $43,750. 5. Marvel Contics Company sold merchandise on account to Comic Center Company. $76,350, terms FOB shipping point, 2/15, 1/30. Marvel paid freight of $2,400 and added it to the invoice, The cost of the goods sold was $38,175. 6. Manel Comies Company paid freight of $3,0$0 for delivery of merchandise sold to Comic Center Company on May 1. 7. Marvel Comics Company sold merchandise on account to Comic Center Company. $92,400, terms FOB shipping point, 2/10,n/30. The cost of goods sold was $46,200. 8. Comic Center Company paid freight of $3,975 on May 7 purchase from Marvel Conics Company. 9. Marvel Comics Company issued Conic Center Cocapany a credit memo for merchandise with an invoice amount of $8,500 retumed from sale on May 1 . The cost of the merchandise retumed was $4,250. 10. Comic Center Company paid Marvel Comics Cormpary for purchase of May 7 . 11. Comic Center Company paid Marvel Comics Company for purchase of May 1, less retum of May 9. 20. Comic Center Company paid Marvel Comics Coupany for purchase of May 5 . 28. Marvel Comics Company pard Comic Center Company a cash refund of 2,900 for damaged merchandise in the May 7 sale. Comic Center Conpany kept the merchandise Instructions: Joumalize the May transactions for (1) Marvel Comies Company and (2) Comic Center Company