Brief Exercise 8-02

Record the following transactions on the books of Sunland Company (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a)		On July 1, Sunland Company sold merchandise on account to Waegelein Inc. for $17,200, terms 2/10, n/30.
(b)		On July 8, Waegelein Inc. returned merchandise worth $3,500 to Sunland Company.
(c)		On July 11, Waegelein Inc. paid for the merchandise.