Select the correct journal entry for each transaction.June $1$: XYZ Company sold merchandise to ABC Company for $$9,500$; terms $2/5,$ n$/15,$ FOB destination $($cost of sales $$6,650)$Answer $1$ Question $1$June $6$: Collected the amount owing from the June $1$st sale to from ABC Company Answer $2$ Question $1$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?Answer $3$ Question $1$On June $2$ This Company purchased $$4,900$ of merchandise from Any Company; terms $1/10,$ n$/20,$ FOB shipping point. Who is responsible for the shipping costs?Answer $4$ Question $1$On June $12$ This Company paid Any Company for the merchandise purchased on June $2$ for $$4,900,$ terms $1/10,$ n$/20,$ FOB shipping pointAnswer $5$ Question $1$ Options are