Record the following transactions on the books of Ivanhoe Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Ivanhoe Co. sold merchandise on account to Stacey Inc. for $24,410, terms 3/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $4,410 to Ivanhoe Co. (c) On July 11, Stacey Inc. paid for the merchandise.

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.