Entity B sold Entity C $30,000 of merchandise, terms 2/10, net 30. Entity B paid $10,000 for the merchandise. Entity B uses a perpetual inventory system.

Instructions

1. Journalize the sale on Entity B's books.

2. If Entity C returned $3,000 of the merchandise purchased, and paid for the remainder in 10 days from the date of the sales invoice, how much did Entity C remit to Entity B? You must show any calculations.