Record the following transactions on the books of Kingbird Co. (Omit cost of goods sold entries.) (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the
amounts.)
(a)
On July 1, Kingbird Co. sold merchandise on account to Stacey Inc. for $24,100, terms 2/10, n/30.
(b)
On July 8, Stacey Inc. returned merchandise with a sales price of $4,200 to Kingbird Co.
(c)
On July 11, Stacey Inc. paid the balance due.
Date
(a)
(b)
(c)
Account Titles and Explanation
Debit
Credit