On December 28, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms $11,200. On December 31, Silverman prepared its adjusting entries, yearly financial statements, and closing entries. On January 3, Silverman Issued Beasley a credit memo for returned merchandise. The returned merchandise originally cost Silverman $2,350 and was billed (invoiced) for $4,000 with terms 2/10, n/30.

a. Journalize the entries by Silverman Enterprises to record the December 28 sale. Beasley paid the balance due on January 7.