Journalize the following transactions: 201X Apr. 8 Purchased merchandise on account from Collins Supplies, $10,000; terms 2/10,
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201X
Apr. 8 Purchased merchandise on account from Collins Supplies, $10,000; terms 2/10, n/30.
15 Sold merchandise on account, $6,500; terms 2/10, n/30. The cost of merchandise was $5,000.
20 Received credit from Collins Suppliers for merchandise returned, $110.
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Date 201X Account Titles and Description PR Dr Cr Apr 8 Merchandi...View the full answer
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