journalize the entries for the seller and the buyer

2. Based on the information below, journalize the entries for the seller and the buyer orn the following page. Both use a perpetual inventory system. (a) Seller sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point. The cost of the merchandise is $2,850. Buyer returns $700 of merchandise as defective. The cost of the merchandise is $420 Buyer pays within the discount period. (b) (c)