Your answer is partially correct. Record the following transactions on the books of Wildhorse Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) (a) On July 1. Wildhorse Co. sold merchandise on account to Stacey Inc. for $23,420, terms 2/10, 1/30. (b) On July 8, Stacey Inc returned merchandise worth $2,170 to Wildhorse Co. (c) On July 11, Stacey Inc. paid for the merchandise. Date Debit Credit Account Titles and Explanation Accounts Receivable July 1 23420 Sales Revenue 23420 July 8 Sales Returns and Allowances 2170 Accounts Receivable 2170 July 11 Cash Sales Discounts Accounts Receivable Save for Later Last saved 26 seconds ago. Attempts: 1 of 5 used Submit Answer Your answer is partially correct. Record the following transactions on the books of Wildhorse Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) (a) On July 1. Wildhorse Co. sold merchandise on account to Stacey Inc. for $23,420, terms 2/10, 1/30. (b) On July 8, Stacey Inc returned merchandise worth $2,170 to Wildhorse Co. (c) On July 11, Stacey Inc. paid for the merchandise. Date Debit Credit Account Titles and Explanation Accounts Receivable July 1 23420 Sales Revenue 23420 July 8 Sales Returns and Allowances 2170 Accounts Receivable 2170 July 11 Cash Sales Discounts Accounts Receivable Save for Later Last saved 26 seconds ago. Attempts: 1 of 5 used Submit