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Item b: Entity C sold Entity D $10,000 of merchandise, terms 3/10, net 30. Entity C paid $5,000 for the merchandise. Instructions 1. Journalize the
Item b: Entity C sold Entity D $10,000 of merchandise, terms 3/10, net 30. Entity C paid $5,000 for the merchandise. Instructions 1. Journalize the sale on Entity C's books. 2. If Entity D returned 2500 of the merchandise, and paid for the remainder 9 days from the date of the sales invoice, how much did Entity D remit (pay) Entity C
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