On May 1, Mindy Co. purchased $10,000 on credit from Dandy Co. Credit term is 1/10, n/30. FOB Shipping point. On May 2, Mindy Co. paid $200 to Zandy Co. for delivering the goods to its store. On May 3, Mindy Co. returned $2,000 of goods to Dandy Co. because they were of the wrong size On May 11, Mindy Co. sent payment for the balance Write journal entries and Post the above transactions QUESTION 1: QUESTION 2: What is the amount of merchandising inventory Mindy Co. has now