Record the following transactions on the books of Ivanhoe Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Ivanhoe Co. sold merchandise on account to Stacey Inc. for $22,640, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,540 to Ivanhoe Co. (c) On July 11, Stacey Inc. paid for the merchandise. Date Account Titles and Explanation Debit Credit