$\backslash$table$[[,$Impact on income,$\backslash$table$[[$Increase$],[($decrease$)$ to$],[$income$]]],[\backslash$table$[[$August $1)$ Purchased merchandise from Clinton Company for$],[$$$9,500$ under credit terms of $\frac{1}{10},\frac{n}{30},$FOB destination,$],[$invoice dated August $1.]],$No impact on income,$0],[\backslash$table$[[$August $5)$ Sold merchandise to Gonzalez Corporation for$],[$$$6,200$ under credit terms of $\frac{2}{10},\frac{n}{60},$ FOB destination,$],[$invoice dated August $5.]],$Increases net income,$6,200],[\backslash$table$[[$August $5)$ The merchandise sold to Gonzalez had cost$],[$$$3,700.]],$Decreases net income,$],[\backslash$table$[[$August $8)$ Purchased merchandise from Clark Corporation$],[$for $$5,800$ under credit terms of $\frac{1}{10},\frac{n}{45},$FOB shipping$],[$point$,$ invoice dated August $8.]],$No impact on income,$0],[\backslash$table$[[$August $9)$ Paid $$525$ cash for shipping charges related to the$],[$August $5$ sale to Gonzalez Corporation$]],$Decreases net income,$],[\backslash$table$[[$August $10)$ Gonzalez returned merchandise from the August$],[5$ sale that had sold for $$300.]],$Decreases net income,$],[\backslash$table$[[$August $10)$ The cost of the merchandise returned by Lee's$],[$was $$200.$ The merchandise was restored to inventory.$]],$Increases net income,$200],[$waust $12)$ After neantiations with Clark Cornoration,,$]]$

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