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HELP ASAP! Journalize the following merchandise transactions. The company uses the perpetual inventory system. Question Content Area a. Sold merchandise on account, $14,600, with terms

HELP ASAP! Journalize the following merchandise transactions. The company uses the perpetual inventory system.

Question Content Area

a. Sold merchandise on account, $14,600, with terms n/30. The cost of the merchandise sold was $9,490. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank Accounts PayableAccounts ReceivableCashSalesSales Discounts
Accounts ReceivableCashCost of Goods SoldSalesSales Discounts
blank Accounts PayableCashCost of Goods SoldInventorySales Discounts
Accounts PayableCashCost of Goods SoldInventorySales Discounts

Question Content Area

b. Received payment. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank Accounts ReceivableCashCost of Goods SoldInventorySales
Accounts ReceivableCashCost of Goods SoldInventorySales

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