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Journalize the following merchandise transactions: a. Sold merchandise on account, $12,000, with terms 2/10, net 30. The cost of the merchandise sold was $7,800. Sale

Journalize the following merchandise transactions: a. Sold merchandise on account, $12,000, with terms 2/10, net 30. The cost of the merchandise sold was $7,800. Sale Cost b. Received payment within the discount period

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