my home yoyoWER LOGO Hesus rubu R C ISSP h 6-2 Practice Exercises BE Transactions for Buyer and Seller Ellis Co. sold merchandise to Angelleti Co. on account, $8,850, terms 2/15, n/30. The cost of merchandise sold is $5,310. Assume all discounts a taken. Journalize Ellis Co.'s entries for (a) the sale on account and (b) the collection of the amount due. (a) Accounts Receivable-Angelleti Co. 8,850 x Sales 8,850 x Cost of Merchandise Sold 8,850 x Merchandise Inventory 8,850 X (b) 8,673 Cash Accounts Receivable-Angelleti Co. 8,850 Feedback Check My Work Note who the buyer is and who the seller is. The payment is less returns and discounts, and discounts are not taken on returns. If applicable, determine whether the buyer or seller is to pay any freight Journalize Angelleti Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due. BOISS PUI During The Curr 6-2 Practice Exercises Note who the buyer is and who the seller is. The payment is less returns and discounts, and discounts are not taken on returns. If applicable, determine whether the buyer or seller is to pay any freight. Journalize Angelleti Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due. (a) Merchandise Inventory Y 8,850 Accounts Payable-Ellis Co. 8,850 x (b) Accounts Payable-Ellis Co. V Cash 8,850 x 8,673 Feedback Check My Work Note who the buyer is and who the seller is. The payment is less returns and discounts, and discounts are not taken on returns. If applicable, determine whether the buyer or seller is to pay any freight. Feedback Check My Work Partially correct