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Complete BE9-2 on page 430 by choosing the correct answers from the dropdown lists. a....

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Accounting

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Complete BE9-2 on page 430 by choosing the correct answers from the dropdown lists. a. The journal entry for the sale on July 1 is debit (Select] and credit [Select] for $17,200. b. The journal entry for the return of July 8 is debit [Select] and credit [Select ] for $3,800. c. The journal entry for the seller to receive payment on July 11 (within the discount period) is debit Cash for what dollar amount Select] and debit [Select] for what dollar amount (Select] and credit (Select] for what dollar amount (Select] Record basic accounts receivable transactions (LO 1) BE9-2 Record the following transactions on the books of RAS Co. (a) On July 1, RAS Co, sold merchandise on account to Waegelein Inc. for $17,200, terms 2/10, 1/30. (b) On July 8, Waegelein Inc. returned merchandise worth $3,800 to RAS Co. (e) On July 11, Waegelein Inc. paid for the merchandise

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