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Tony Stark uses a perpetual inventory system. Tony uses the net method to record sales discounts. On October 1 , Tony Stark sells merchandise to

Tony Stark uses a perpetual inventory system. Tony uses the net method to record sales discounts.
On October 1, Tony Stark sells merchandise to Black Widow, with credit terms 210,n30. The selling price of the merchandise was $10,000. The cost of the merchandise sold was $7,000.
On October 5, Black Widow returned $600 of the merchandise to Tony Stark. The cost of the returned merchandise is $250.
On October 8, Black Widow paid Tony Stark the balance due.
Prepare Tony Stark's October 8 journal entry.
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