The selected transactions below were completed by Affordable Supplies Co., which sells supplies primarily to wholesalers and occasionally to retail customers. Instructions: Illustrate the effects of each of the transactions on the accounts and financial statements of Affordable Supplies Co. Jan. 6. Sold merchandise on account, $14,000, terms FOB shipping point, n/eom. The cost of merchandise sold was $8,400. Jan. 26. Received check for amount due for sale on January 16 less credit memorandum of January 19. Jan. 31. Paid Cashell Delivery Service $3,000 for merchandise delivered during January to customers und Jan. 31. Received check for amount due for sale of January 6 . Jan. 16. Sold merchandise on account, $19,500, terms FOB shipping point, n/30. The cost of merchandise sold was $11,700. Jan. 18. Received check for amount due for sale on January 8