Instructions Mar Joumalize the following merchandise transactions. Refer to the chart of accounts for the exact wording of the account the CNOW journals do not use Ines for journal exptanations. Every Nine on a journal page is used for debit or credit antibs. CNOW Journals will automationly indivit a credit and when a credit amount a entered. Bold merchandise on account, $84,800 with termas 2/10,n30. The cost of the merchandisoned was $56,900 Received payment loss the discount Issued a $500 credit memo for damaged merchandise. The customer agreed to keep the merchandise 9 13 MATION DESCRIPTION DATE Mart Sales POSE PER 1 CREDIT ATE DET 92,90400 BUTICI LETY 3 92.906.00 1 Accounts Receivable Mar. 1 Cost of Merchandise Sold Merchandise Inventory Mac9" Accounts Receivable 56.900.00 56.900.00 1 92.90400 1 Cash 91,904.00