Record the following transactions on the books ofJarvisCo. (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,JarvisCo. sold merchandise on account to Stacey Inc. for $23,000, terms2/10, n/30.(b)On July 8, Stacey Inc. returned merchandise worth $2,400toJarvisCo.(c)On July 11, Stacey Inc. paid for the merchandise.