Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms of 5/10, n/30):
201X
Aug. 16 Sold merchandise on account to Ralph Co., invoice no. 1, $940.
18 Sold merchandise on account to Market Co., invoice no. 2, $1,800.
20 Issued credit memorandum no. 1 to Market Co. for defective merchandise, $720.
Use the following account numbers: Accounts Receivable, 112; Sales, 411;
Sales Returns and Allowances, 412; Sales Discounts, 413.
From Exercise 9B-2, journalize the receipt of a check from Ralph Co. for payment of invoice no. 1 on August 24?