On April 1, Moloney Meat Distributors sold merchandise on account to Fronkes Franks for $3,500 on Invoice 1001, terms 2/10, n/30.The cost of merchandise sold was $2,120 Payment was received in full from Fronkes Franks, less discount, on April 10. Required: Record the transactions on April 1 and April 10. The company uses the perpetual inventory system. (Round answers to the nearest whole dollar value)