eBook Show Me How Calculator Print Item Transactions for Buyer and Seller Ellis Co. sold merchandise to Chang Co. on account, $5,400, terms 2/15, 1/30. The cost of merchandise sold is $3,240. Assume all discounts are taken. Journalize Ellis Co.'s entries for (a) the sale on account and (b) the collection of the amount due. (a) Accounts Receivable-Chang Co. Sales 1 1 1 Journalize Chang Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due. Check My Work 1 more Check My Work uses remaining