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Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the and sells to salons in Canada. Oct. 1 Purchased $1,460 of hair spray from Orbit Pro; terms 3/10,n/30, FOB shipping point. The appropriate party paid the shipping cost of $200. 5 Sold shampoo costing $42 to Barber &Co. for a price of $600 with terms of 2/10,n/30, FOB shipping point. The appropriate party paid the shipping cost of $80. 7 Returned $560 of inventory to Orbit Pro due to an error in the October 1 order. 10 Paid Orbit Pro for the purchase on October 1. 14 Barber &Co. returned $100 of inventory from the sale on October 5 . The inventory had a cost of $76. 22 Received the payment from Barber &Co. on the October 5 sale. 23 Purchased $2,000 of hair conditioner from Keratin Hair; terms 2/10, n/30, FOE shipping point. The appropriate party paid the shipping cost of $300. 25 Sold hair gel to styling Room for an invoice price of $1,000, terms 2/10,n/30,F0B destination. The hair gel had a cost of $760. The appropriate party paid the shipping cost of $15. 26 Paid for the purchase on October 23. 31 Received the payment from Styling Room on the October 25 sale. Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the and sells to salons in Canada. Oct. 1 Purchased $1,460 of hair spray from Orbit Pro; terms 3/10,n/30, FOB shipping point. The appropriate party paid the shipping cost of $200. 5 Sold shampoo costing $42 to Barber &Co. for a price of $600 with terms of 2/10,n/30, FOB shipping point. The appropriate party paid the shipping cost of $80. 7 Returned $560 of inventory to Orbit Pro due to an error in the October 1 order. 10 Paid Orbit Pro for the purchase on October 1. 14 Barber &Co. returned $100 of inventory from the sale on October 5 . The inventory had a cost of $76. 22 Received the payment from Barber &Co. on the October 5 sale. 23 Purchased $2,000 of hair conditioner from Keratin Hair; terms 2/10, n/30, FOE shipping point. The appropriate party paid the shipping cost of $300. 25 Sold hair gel to styling Room for an invoice price of $1,000, terms 2/10,n/30,F0B destination. The hair gel had a cost of $760. The appropriate party paid the shipping cost of $15. 26 Paid for the purchase on October 23. 31 Received the payment from Styling Room on the October 25 sale

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