Introduction to Accounting An Integrated Approach Eighth Edition Chapter 9 E10.5

5 Journalize the following transactions for the Prado Company: October 8 Sold $9,200 of merchandise to Zen, Inc., on account, terms 2/10,n/60. The merchandise had a cost of $6,000. October 10 Zen, Inc., returned some of the merchandise, receiving an $800 credit from Prado Company. The merchandise, which originally cost Prado $500, was put back into inventory. October 23 Received payment from Zen, Inc., for the merchandise purchased on October 8 , less the return and any appropriate discount