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Can you help me with the following exercise? Please show steps. PE 6-33 Sales transactions OBJ. 2 Joumalize the following merchandise transactions: :1. Sold merchandise

Can you help me with the following exercise?

Please show steps.

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PE 6-33 Sales transactions OBJ. 2 Joumalize the following merchandise transactions: :1. Sold merchandise on account, $92,500 with terms 1/10, 11/50. The cost of the met- chandise sold was $55,500. b. Received payment less the discount. c. Issued 3 credit memo for returned merchandise that was sold for $10,400 terms 11/30. The cost of the merchandise returned was $6,500

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