Journalize the following merchandise transactions: a. Sold merchandise on account, $18,000 with terms n/30. The cost of
Question:
Journalize the following merchandise transactions:
a. Sold merchandise on account, $18,000 with terms n/30. The cost of the goods sold was $10,800.
b. Received payment.
c. Refunded $600 to customer for defective merchandise that was not returned.
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