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Given the following, journalize and post these two transactions (it is on pg. 6 in the General Journal): (Click the icon to view the transactions.

image text in transcribedimage text in transcribed Given the following, journalize and post these two transactions (it is on pg. 6 in the General Journal): (Click the icon to view the transactions. (Click the icon to view the partial general ledger.) (Click the icon to view the Accounts Receivable Subsidiary Ledger.) Begin by journalizing the transactions. The transactions will be posted in the steps following the journal entries. When preparing journal entries, complete the posting reference (PR) column as though the transactions have been posted. (Record debits first, then credits. Exclude explanations from journal entries.) June 5: Sold merchandise on account to Lopez Co., $800; terms 2/10,n/30. The cost of these goods was $775. Do not record the cost of the merchandise sold. We will do that in the next step. 201X June 5 Sold merchandise on account to Lopez Co., $800; terms 2/10,n/30. The cost of these goods was $775 7 Issued Credit Memorandum No. 1 to Lopez Co. for $300 of returned goods. The cost of the returned goods was $90. Data table

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