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On September 12, Vander Company sold merchandise in the amount of $7,700 to Jepson Company, with credit terms of 5/10, n/30. The cost of the

On September 12, Vander Company sold merchandise in the amount of $7,700 to Jepson Company, with credit terms of 5/10, n/30. The cost of the items sold is $5,900. Vander uses theperiodicinventory system and thegrossmethod of accounting for sales. The journal entry or entries that Vander will make on September 12 is (are)?

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