2. Based on the information below, illustrate the effects on the accounts and financial statements of the Seller and the Buyer. Both use a perpetual inventory system. (a) Seller sells Buyer on account merchandise costing $300 for $500, terms 2/10, net 30, FOB destination. The transportation charge is $50. (b) Buyer returns as defective $100 worth of the $500 merchandise received. The sellers cost is $60. (c) Buyer pays within the discount period