Use a tabular summary to record the following transactions for Kingbird Co. (Omit recording cost of goods sold.) (a) On July 1, Kingbird Co. sold merchandise on account to Stacey Inc. for $23,850. (b) On July 8 , Stacey Inc. returned $2,550 of July 1 merchandise to Kingbird Co. (c) On July 11, Stacey Inc. paid for the merchandise. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) On July 1 , Kingbir-d Co. sold merchandise on account to Stacey Inc. for $23,850. (b) On July 8, Stacey Inc. returned $2,550 of July 1 merchandise to Kingbird Co. (c) On July 11, Stacey Inc. paid for the merchandise. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).)