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Create Journal Entries for the following business transactions: Sold merchandise on account to Troy Co., invoice no. 10, $50. Received check from Brown Co., $300,
- Create Journal Entries for the following business transactions:
- Sold merchandise on account to Troy Co., invoice no. 10, $50.
- Received check from Brown Co., $300, less 3% discount.
- Cash sales, $104.
- Issued credit memorandum no. 2 to Troy Co. for defective merchandise, $18.
- Create Journal Entries for the following business transactions:
- Sold merchandise on account to Troy Co., invoice no. 10, $50.
- Received check from Brown Co., $300, less 3% discount.
- Cash sales, $104.
- Issued credit memorandum no. 2 to Troy Co. for defective merchandise, $18.
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