Record the following transactions in general journal form on the books of the seller (Fuentes Company) and then on the books of the buyer (Lowe Company) using the periodic inventory system. If an amount does not require an entry, leave it blank. Question Content Area Fuentes Company Sold merchandise on account to Lowe Company, $1,390; terms 1/10, n/30. Issued a credit memo to Lowe Company for damaged merchandise, $80. Lowe Company paid the account in full within the discount period