EX 6-11 Sales-related transactions OBJ. 2 The debits and credits for four related entries for a sale of $15,000, terms presented in the following T accounts. Describe each transaction. 1/10, n/30, are Cash 13,860 14,850 Accounts Receivable Cost of Merchandise Sold 14,850 (3) 990 13,860 (2) 8,800 Merchandise Inventory 575 (2) Estimated Returns Inventory 8,800 575 Customer Refunds Payable 990