Record the following transactions on the books of Concord Co. (Omit cost of goods sold entries.) (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (a) On July 1. Concord Co. sold merchandise on account to Stacey Inc. for $22,700, terms 4/10, 1/30 (b) On July 8, Stacey Inc. returned merchandise with a sales price of $3.100 to Concord Co. (c) On July 11. Stacey Inc. paid the balance due. Date July 1 July 8 July 11 Account Titles and Explanation Debit 22700 3100 Credit 22700 3100