Merchandise with a list price of $7, 500 and a cost of $7,000 is sold on account, terms 1/10, n/30. Prior to payment, merchandise with a list price of $1,000 and a cost of $800 is returned. The correct amount is paid within the discount period. Record the following transactions, using the integrated financial statement framework that follows: a. Sold the merchandise. If a financial statement doesn't require an entry, select "No Effect" and enter "0" in amount field. b. Received the returned merchandise. If a financial statements doesn't require an entry, select "No Effect" and enter "0" in amount field. c. Received the amount owed. If all the financial statements doesn't require any entry, Select "No Effect" and enter "0" in amount field