(Solution) - Santana Co sold merchandise to Birch Co on account 6 000 -(2025 Original AI-Free Solution)

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Santana Co. sold merchandise to Birch Co. on account, $6,000, terms 2/15, n/30. The cost of the merchandise sold is $4,000. Santana Co. issued a credit memo for $800 for merchandise returned and later received the amount due within the discount period. The cost of the merchandise returned was $550. Journalize Santana Co.?s and Birch Co.?s entries for the payment of the amount due.