Use a tabular summary to record the following transactions for Larkspur Co$.($Omit recording cost of goods sold.$)$

$($a$)$ On July $1,$ Larkspur Co$.$ sold merchandise on account to Stacey Inc. for $$23,860.$

$($b$)$ On July $8,$ Stacey Inc. returned $$2,560$ of July $1$ merchandise to Larkspur Co$.$

$($c$)$ On July $11,$ Stacey Inc. paid for the merchandise.