1 BACK NEXT Exercise 8-2 Presented below are two independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275) On January 6, Marigold Co. sells merchandise on account to Jackie Ltd. for $9,400, terms 3/10, n/30. On January 16, Jackie Ltd. pays the amount due. Prepare the entries on Marigold's books to record the sale and related collection. On January 10, Connor Bybee uses his Swifty Co. credit card to purchase merchandise from Swifty Co. for E13,200. On February 10, Bybee is billed for the amount due of E13,200. On February 12, Bybee pays $8,800 on the balance due. On March 10, Bybee is billed for the amount due, including interest at 4% per month on the unpaid balance as of February 12. Prepare the entries on Swifty Co.'s books related to the transactions that occurred on January 10, February 12, and March 10. No. Date Account Titles and Explanation Debit Credit Jan. 6 v Accounts Receivable 9,400 Sales Revenue 9,400 Jan. 16 Cash 9,118 Sales Discounts 282 Accounts Receivable 9,400 Jan. 10 Accounts Receivable 13,200