Record the following transactions on the books of Ivanhoe Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) a. b. C 3. b. C On July 1, Ivanhoe Co. sold merchandise on account to Waegelein Inc. for $16,700, terms 4/10, n/30. On July 8, Waegelein Inc. returned merchandise with a sales price of $4,300 to Ivanhoe Co. On July 11, Waegelein Inc. paid the balance due. Account Titles and Explanation Debit DANO Credit

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