Brief Exercise 8-2 Record the following transactions on the books of RAS Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) On July 1, RAS Co. sold merchandise on account to Waegelein Inc. for $16,200, terms 3/10, n/30. (b) On July 8, Waegelein Inc. returned merchandise worth $5,400 to RAS Co. (c) On July 11, Waegelein Inc. paid for the merchandise.