Journalize the following merchandise transactions:

a$.$ Sold merchandise on account, $$21,950$ with terms $\frac{2}{10},\frac{n}{30}.$ The cost of the merchandise sold was $$13,170.$ If an amount box does not require an entry, leave it blank.

Sale

Cost

Cost of Merchandise Sold

Merchandise Inventory

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

Cash

Accounts Receivable

c$.$ Issued a $$1,000$ credit memo for damaged merchandise. The customer agreed to keep the merchandise. If an amount box does not require an entry, leave it blank.

Customer Refunds Payable

Accounts Receivable