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3.---Journalize the following transaction: Record transaction for Cohen company A--Cohen company sold merchandise on account to Fanfare Co. $28,600, terms FOB destination, 2/15, n/eom. The

3.---Journalize the following transaction:

Record transaction for Cohen company

A--Cohen company sold merchandise on account to Fanfare Co. $28,600, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold was $17,000.

BCohen Company paid freight of $500 for delivery of merchandise sold to Fanfare.

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