2. The Coral Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general journal entries. All sales are subject to credit terms of 1/10, n/30. 16 July July 16 July 20 July 25 Sold merchandise on account with an invoice price of $4,500 to Carter Sold merchandise on account with an invoice price of $5,000 to the Taylor Co. Taylor Co. returned merchandise with an invoice price of $1,000. Received full payment from Carter and Co. Received full payment from Taylor Co. July 28 tel Account Titles and Descriptic ebit Credi