Based on the information below. a. Seller sold merchandise on account to the buyer, 34,750,terms 2/10, net 30, FOB shipping point. The cost of the merchandise is $2,850. The seller prepays the freight of $75. b. Buyer issues a $700 detit memo for defective merchandise that is not retumed. c. Buyer pays within the discount period. Journalize the entries for the seller using a perpetual Inventory system. If an amount box does not require an entry leave it blank. a 00 43 PM 3/27/2002 24"F 9 a o Journalize the entries for the buyer using a perpetual Inventory system. If no entry is required, select "No Entry Required and leave the amount boms blank. If an amount box does not require an entry, leave it blank. (a) (b) II In (c) Previous Next All work saved Email Instruct Submit Test for Grading