Brief Exercise 9-02 Record the following transactions on the books of Ivanhoe Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) b. On July 1, Ivanhoe Co. sold merchandise on account to Waegelein Inc. for $16,700, terms 4/10, n/30. On July 8, Waegelein Inc. returned merchandise worth $4,300 to Ivanhoe Co. On July 11, Waegelein Inc. paid for the merchandise. Account Titles and Explanation Debit Credit a. Accounts Receivable 16,700 Sales Revenue 16,700 b. Sales Revenue 4,300 Accounts Receivable 4,300 C. Cash Click if you would like to Show Work for this question: Open Show Work