in, to just you then go ahead and use email, phone countin Finally, we get to start selling THINGS instead of showing DOING things for our customers. Come up with a typical purchase or selling entry described in the chapter or used in our exercises/problems and describe what happened. Show the correct journal entry (debit/credit what the affects to each of them are increased/decreased) and what types of accounts you aff (asset/liability/owner's equity/revenue/expense). For instance - sold merchandise on account to a customer. In this case we need two entries. First enti shows the sale, at retail. Debit Accounts Receivable (an asset, increases) and credit Sales (revenue. increases). Then we also need to show our cost in the sale. Debit Cost of Merchandise Sold (an expen increases) and credit Merchandise Inventory (an asset decrease). However, for your entry you would more specific on what is was you sold. And give amounts. Remember to respond to the question and also respond to another student's response. 2.5 points for (must be separate postings), 5 points total. (To respond to the question, click on "Create Thread". To respond to another student's response, dick the reply located at the bottom of their response.) of our easiest chapters - once you get it figured out