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Record the following transactions on the books of Kingbird Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is

image text in transcribed Record the following transactions on the books of Kingbird 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 0 for the amounts.) (a) On July 1, Kingbird Co. sold merchandise on account to Stacey Inc. for \$24,100, terms 2/10, n/30. (b) On July 8, Stacey Inc. returned merchandise with a sales price of $4,200 to Kingbird Co. (c) On July 11, Stacey Inc. paid the balance due

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