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On July 1, Sunland Co. sold merchandise on account to Waegelein Inc. for $17,400, terms 4/10, n/30. b. On July 8, Waegelein Inc. returned merchandise

On July 1, Sunland Co. sold merchandise on account to Waegelein Inc. for $17,400, terms 4/10, n/30. b. On July 8, Waegelein Inc. returned merchandise worth $4,400 to Sunland Co. c. On July 11, Waegelein Inc. paid for the merchandise.

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