Record the following transactions on the books of Monty 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) (b) (c) On July 1, Monty Co. sold merchandise on account to Stacey Inc. for $22,700, terms 2/10,n/30. On July 8, Stacey Inc. returned merchandise with a sales price of $2,600 to Monty Co. On July 11, Stacey Inc. paid the balance due. Date Account Titles and Explanation Debit Credit July 1 4