HWS: Chapters $489$ Accounting

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Jan. $16.$ Sold merchandise on account, $$19,500,$ terms FOB shipping point, $\frac{n}{15}.$ The cost of merchandise sold was $$11,700.$

Jan. $19.$ Issued credit memorandum for $$4,500$ for merchandise returned from sale on January $16.$ The cost of the merchandise returned was $$2,700.$

Jan. $23.$ Received check for amount due for sale on January $8.$