The Coral Co. had the following transactions involving the sale of merchandise are to prepare the necessary general journal entries. All sales are subject to credit 2/10, n/30. December 16 Sold merchandise with an invoice price of $5,000 to Carter and Co, December 16 Sold merchandise with an invoice price of $12,000 to the Taylor Cc December 20 Taylor Co. returned merchandise with an invoice price of $2,00. December 25 Received full payment from Taylor co