Select the correct journal entry for each transaction. Choose... June 1: XYZ Company sold merchandise to ABC Company for $9.500; terms 2/5, n/15. FOB destination (cost of sales $6,650) June 6. Collected the amount lowing from the June 1st sale ta from ABG Company Choose... June XYZ Company sold June 1: XYZ Company sold merchandise to ABC Company for $9,500; terms 2/5, n/15, FOB destination (cost of sales $6,650). What is the Gross Profit on this transaction? Choose... On June 2 This Company purchased $4,900 of merchandise from Any Company: terms 710 nh Choose. Choose... purchased $4,900 of merchandise from Any Company, terms 1/10, n/20, FOB shipping point. Who is responsible for the shipping costs? On June 12 This Company paid Any Company for the merchandise purchased on June 2 for $4.900, terms 1/10, n/20. FOB shipping point Choose.. Select the correct journal entry for each transaction. KUIZ TUVIESIT June 1: XYZ Company sold merchandise to ABC Company for $9,500; terms 2/5, n/15, FOB Choose... Dr. Cash $9,500 and Cr. AR $9,500 Dr. AR $9,500 and Cr. Sales $9,500 $2,850 This Company $9,500 Dr. Cash $9,025, Cr. Sales Discount $475 and Cr. AR $9,500 Dr. AR $9,500 and Cr. Sales $9,500 AND Dr. COGS $6,650 and Cr. Inventory $6,650 Dr. AP $4,900, Cr. Cash $4,410 and Cr. Inventory $490 Any Company Dr. Cash $9,310, Dr. Sales Discount $190 and Cr. AR $9,500 Dr. AR $6,650 and Cr. Sales $6,650 Dr. AP $4,900 and Cr. Cash $4,900 $0 Dr. AP $4,900, Cr. Cash $4,851 and Cr. Inventory $49 Not applicable Choose... destination (cost of sales $6,650) June 6: Collected the amount owing from the June 1st sale to from ABC Company June 1: XYZ Company sold June 1: XYZ Company sold merchandise to ABC Company for $9,500; terms 2/5, n/15, FOB destination (cost of sales $6,650) What is the Gross Profit on this transaction? Choose... On June 2 This Company purchased $4.900 of merchandise from Any Company terms 1/10 Choose purchased $4,900 of merchandise from Any Company; terms 1/10, n/20, FOB shipping point. Who is responsible for the shipping costs? Choose... Dr. Cash $9,500 and Cr. AR $9,500 Dr. AR $9,500 and Cr. Sales $9,500 $2,850 This Company $9,500 Dr. Cash $9,025, Cr. Sales Discount $475 and Cr. AR $9,500 Dr. AR $9,500 and Cr. Sales $9,500 AND Dr. COGS $6,650 and Cr. Inventory $6,650 Dr. AP $4,900, Cr. Cash $4,410 and Cr. Inventory $490 Any Company Dr. Cash $9,310, Dr. Sales Discount $190 and Cr. AR $9,500 Dr. AR $6,650 and Cr. Sales $6,650 Dr. AP $4,900 and Cr. Cash $4,900 $0 Dr. AP $4,900, Cr. Cash $4,851 and Cr. Inventory $49 Not applicable Choose. On June 12 This Company paid Any Company for the merchandise purchased on June 2 for $4,900, terms 1/10, n/20, FOB shipping point