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.)
On July 1, Wildhorse Co. sold merchandise on account to Stacey Inc. for $23,420, terms 2/10, n/30.
On July 8, Stacey Inc. returned merchandise worth $2,170 to Wildhorse Co.
On July 11, Stacey Inc. paid for the merchandise.
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