QUESTION 40 On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10,nv/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14,Johnson returns some of the merchandise. The selling price of the mer discount. The journal entry that Ryan makes on September 18 is ndise is $500 and the cost of the merchandise returned is $350. Johnson pays the invoice on September 18, and takes the appropriate lick Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro