Record the following transactions on the books of Cohen Co
Record the following transactions on the books of Cohen Co. (Omit cost of goods sold entries.)
(a) On July 1, Cohen Co. sold merchandise on account to Tracy Inc. for $23,000, terms 2/10, n/30.
(b) On July 8, Tracy Inc. returned merchandise worth $2,400 to Cohen Co.
(c) On July 11, Tracy Inc. paid for the merchandise.

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