Question 14 View Policies Current Attempt in Progress Record the following transactions on the books of Kingbird, Inc. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) On July 1, Kingbird, Inc. sold merchandise on account to Stacey Inc. for $20,900, terms 3/10, 1/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,400 to Kingbird, Inc. Id On July 11, Stacey Inc. paid for the merchandise. No. Date Account Titles and Explanation Debit Credit (c) July 11 Simun List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debts Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense