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Can someone explain how to do these.? Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $15,500 with terms 1/10, n/30. The

image text in transcribed Can someone explain how to do these.?

Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $15,500 with terms 1/10, n/30. The cost of the goods sold was $9,300 Sale Cost b. Received payment less the discount. c. Refunded $440 to customer for defective merchandise that was not returned

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