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(a) On July 1, Sandhill Co. sold merchandise on account to Stacey Inc. for $23,500, terms 3/10,n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,500 to Sandhill Co. (c) On July 11, Stacey Inc. paid for the merchandise..

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(a) On July 1, Sandhill Co. sold merchandise on account to Stacey Inc. for $23,500, terms 3/10,n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,500 to Sandhill Co. (c) On July 11, Stacey Inc. paid for the merchandise.

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