Journalize the following merchandise transactions: a. Sold merchandise on account, $18,000 with terms 1/10, n/30. The cost

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Journalize the following merchandise transactions:
a. Sold merchandise on account, $18,000 with terms 1/10, n/30. The cost of the goods sold was $10,800.
b. Received payment less the discount.
c. Refunded $600 to customer for defective merchandise that was not returned.

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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