eBook Show Me How Print Item Sales Transactions Instructions Chart of Accounts Journal Instructions Journalize the following merchandise transactions Refer to the chart of accounts for the exact wording of the account ites. CNOW journals do not use lines for journal explanations Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit T entry when a credit amount is enlered Mar 1 Sold merchandise on account, $94,800 with terms 2/10,n/30. The cost of the merchandise sold was $56,900 Received payment less the discount Issued a $500 credit memo for damaged merchandise. The customer agreed to keep the merchandise 9 13 8 A W Instructions Journal Shaded cells have feedback. X DESCRIPTION POSTE DERIT CREDIT Aen ATS DATE Nr 1 1 Sales 94,800.00 2 Accounts Receivable 1 94.800.00 56.900.00 Mar 1 Cost of Merchandise Sold 4 Merchandise Inventory 56,900.00 Mar 9 Accounts Receivable 9430000 ! Cash 92.90400 1 Mar 15 Customer Refunds Payable 500.00 Accounts Receivable 500.00 O 823 PM 3/11/2021