Your answer is correct. sells merchandise on account to Garcia Inc. for $7,000, terms 2/10, n/30 On January 16, Garcia Inc. pays the amount due. Prepare the entries on Whit to record the sale and related collection. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 6 Accounts Receivable $7000 Sales Revenue 7000 Jan. 16 Cash Sales ts Accounts Receivable On January 10, Jill Hoyle uses her Berkman Co. credit card to purchase merchandise from Berkman Co. for $9,000. On February 10, Hoyle is billed for the amount due of $9,000. On February 12, Hoyle pays $4,000 on the balance due. On March 10, Hoyle s billed for the amount due including interest at 2% per month on the unpad r e as at Feb 12 Prepare the entries on Berkman Co.'s books related to the transactions that occurred on January 10, February 12, and March 10. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 10 Feb. 12 Mar. 10