Journal entries for a merchandiser Feb. 11 Acquired, on credit, $600 worth of merchandise for resale. The terms were 2/10,n/30. Feb. 14 Paid $60 freight charge on the Feb. 11 acquisition. Feb. 17 Sold merchandise costing $800 for a selling price of $1000 on credit, terms n/30. Feb. 18 Paid the balance due on the on Feb. 11 acquisition. Feb. 19 Acquired, on credit, $400 worth of merchandise for resale. The terms were 2/10,n/30. Feb. 27 Returned half of the merchandise acquired on Feb. 19. Feb. 31 Paid the balance due on the Feb. 19 acquisition. Accounts Debit Credit Date Feb 11 Feb 14 Feb 17