Sold merchandise that cost $1,000 to Art Coapany for $1,500 under oredit terms of 2/15, n/60, FOB shipping point, involce dated July 19. 21 Gave a price reduction (allowance) of $250 to Art Company for merchandise 501d on July 19 and aredited Art's accounts recelvable for that amount. 4 paid Leight company the balance due, net of discount. Received the balance due fron Art Company for the invoice dated July 19, net of discount. Sold merchandise that cost $5,400 to Creek Company for $7,000 under credit terms of 2/10, n/60, Fon shipping point, invoice dated July 31. Journal entry worksheet (1) 10 (11) (12) (14) (16) > Received the balance due from Art Company for the invoice dated July 19 , net of discount. Notei Enter debits before credits