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(a) On July 1, Sunland Co. sold merchandise on account to Stacey Inc. for $23,200, terms 2/10, n/30. (b) On July 8, Stacey Inc. returned
(a) On July 1, Sunland Co. sold merchandise on account to Stacey Inc. for $23,200, terms 2/10, n/30. (b) On July 8, Stacey Inc. returned merchandise with a sales price of $2,300 to Sunland Co. (c) On July 11, Stacey Inc. paid the balance due. Date Account Titles and Explanation Debit (a) July 1 v Accounts Receivable (b) July 8 V (c) July 11 23200 Credit
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