ue. 5. Write down the journal entries for the following transaction in the books of a seller and in the books of a buyer: (1+1)=2 Transaction: The seller granted the buyer $1,100 allowance for damaged goods that the buyer agreed to keep. Que. 6. Write down two points (in sentence form) that will make difference between the Income Statement of a Service Company and the Income Statement a Merchandizing Company. (1+1)=2