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Prepare journal entries to record the following transactions entered into by the Blue Spruce Corp. (Credit account titles are automatically indented when the amount is

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Prepare journal entries to record the following transactions entered into by the Blue Spruce Corp. (Credit account titles are automatically indented when the amount is entered. Do not indent manually, Record journal entries in the order presented in the problem.) 2022 Nov. Nov. Nov. 1 5 9 Sold merchandise on account to Mercer Inc., for $20,000, terms 3/10,n/30. Mercer, Inc, returned merchandise worth $1,200. Received payment in full from Mercer, Inc. Date Account Titles and Explanation Debit Credit Nov. 1 Accounts Recolvable 20,000 Sales Revenue 20,000 Nov.S Sales Returns and Allowances 1.200 Accounts Receivable 1,200 Now Cash 18424 Sales Discounts 376 Accounts Receivable 18800 e Textbook and Media

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