Transactions for Buver and Seller Wilmington Co- sold merchandise to Angelfell Co. on account, $8,000, terms 2/15, 230. The cost of morchanckese sold is 54,800 . Assurne all discounts are laken, Joumalize Wilmington Co.'s entries for (a) the sale on account and (b) the collection of the amcent due. hompalue Angelled) Co.'s entriei for (a) the purchale of merchandise on acceunt and (b) the bavment of the amount due