a. Sold merchandise on account, $24,650 with terms 2/10, n/30. The cost of the merchandise sold was $14,790 Sale Cost b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $10,700 terms n/30. The cost of the merchandise returned was $6,420 Refund Inventory Bookmarks People Window Help Chinwe Idika's w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmen Tomorrow Transactions for Buyer and Seller Grayson Co. sold merchandise to Vargas Co. on account, $5,650, terms 2/15, n/30. The cost of merchandise sold is $3,390. Assume all discounts are taken. ournalize Grayson Co.'s entries for (a) the sale on account and (b) the collection of the amount due. Dournalize Vargas Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due. dropdown Check My Work Previous Next 2 more Check My Work uses remaining Power Point C....pptx Show All a. Sold merchandise on account, $24,650 with terms 2/10, n/30. The cost of the merchandise sold was $14,790 Sale Cost b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $10,700 terms n/30. The cost of the merchandise returned was $6,420 Refund Inventory Bookmarks People Window Help Chinwe Idika's w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmen Tomorrow Transactions for Buyer and Seller Grayson Co. sold merchandise to Vargas Co. on account, $5,650, terms 2/15, n/30. The cost of merchandise sold is $3,390. Assume all discounts are taken. ournalize Grayson Co.'s entries for (a) the sale on account and (b) the collection of the amount due. Dournalize Vargas Co.'s entries for (a) the purchase of merchandise on account and (b) the payment of the amount due. dropdown Check My Work Previous Next 2 more Check My Work uses remaining Power Point C....pptx Show All