Record the following transactions on the books of Cohen Co. (Omit cost of goods sold entries.)

(a) On July 1, Cohen Co. sold merchandise on account to Tracy Inc. for $23,000, terms 2/10, n/30.

(b) On July 8, Tracy Inc. returned merchandise worth $2,400 to Cohen Co.

(c) On July 11, Tracy Inc. paid for the merchandise.

AppendixLO1