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Part B: Entity B sold Entity C $20,000 of merchandise, terms 2/10, net 30. Entity B paid $10,000 for the merchandise. Instructions 1. Journalize

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Part B: Entity B sold Entity C $20,000 of merchandise, terms 2/10, net 30. Entity B paid $10,000 for the merchandise. Instructions 1. Journalize the sale on Entity B's books. 2. If Entity C returned $2,000 of the merchandise purchased, and paid for the remainder in 9 days from the date of the sales invoice, how much did Entity C remit to Entity B? You must show your calculations.

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