Hi can you please briefly explain the reasonings behind the accounts and numbers corresponding.

Record the following transactions on the books of Sheffield Corp. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (c) On July 1, Sheffield Corp. sold merchandise on account to Stacey Inc. for $24,900, terms 4/10,n/30. On July 8, Stacey Inc. returned merchandise worth $2,200 to Sheffield Corp.. On July 11, Stacey Inc. paid for the merchandise. Date Account Titles and Explanation Debit Credit July 1 24900 24900 July 8 2200 2200 July 11