Record the following transactions in general journal form, first P.O. 3 on the books of the seller (Fry Company) and then on the books of the buyer

(Lee Company). journalize transactions involving sale and purchase of merchandise, Fry Company a return, and a cash discount.

a. Sold merchandise on account to Lee Company; 2/10, n/30; $1,500.

b. Issued a credit memo to Lee Company for damaged merchandise, $100.

c. Lee Company paid the account in full within the discount period.

Lee Company

a. Purchased merchandise on account from Fry Company; 2/10, n/30; $1,500.

b. Received a credit memo from Fry Company for damaged merchandise, $100.

c. Paid the Fry Company account in full within the discount period.