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Journalize the following merchandise transactions a. Sold merchandise on account, $19,800 with terms 1/10, n/30. The cost of the merchandise sold was $11,880 Sale Cost

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Journalize the following merchandise transactions a. Sold merchandise on account, $19,800 with terms 1/10, n/30. The cost of the merchandise sold was $11,880 Sale Cost b. Received payment less the discount c.Issued a credit memo for returned merchandise that was sold for $11,300 terms n/30. The cost of the merchandise returned was $6,780. Refund Inventory

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