Transactions for Buyer and Seller Sievert Co. sold merchandise to Angel leti Co. on account $8,250, terms 2/15, ?/30 The cost of merchandise sol is $4 95 Journalize Sievert Co.'s entries for (a) the sale on account and (b) the collection of the amount due Assume a I. discounts are taken. ournalize Angelleti Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due (13)