On February 6, Markowitz Company sold $104,000 of merchandise to the Lyman Company, terms 3/ 15, net/30. The cost of the merchandise sold was $82,000. On February 8, the Lyman Company returned $10,500 of the merchandise purchased on February 6. The cost of the merchandise returned was $8,000. On February 16 Markowitz Company received the balance due from the Lyman Company.

On February 6, Markowitz Company sold $104,000 of merchandise to the Lyman Company, terms 3/15, net /30. The cost of the merchandise sold was $82,000. On February 8 , the Lyman Company returned $10,500 of the merchandise purchased on February 6 . The cost of the merchandise returned was $8,000. On February 16 Markowitz Company received the balance due from the Lyman Company. On February 6, Markowitz Company sold $104,000 of merchandise to the Lyman Company, terms 3/15, net /30. The cost of the merchandise sold was $82,000. On February 8 , the Lyman Company returned $10,500 of the merchandise purchased on February 6 . The cost of the merchandise returned was $8,000. On February 16 Markowitz Company received the balance due from the Lyman Company