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Journalize the following merchandise transactions: a. Sold merchandise on account, $11,300 with terms 1/10,n/30. The cost of the merchandise sold was $6,780. If an amount
Journalize the following merchandise transactions: a. Sold merchandise on account, $11,300 with terms 1/10,n/30. The cost of the merchandise sold was $6,780. If an amount box does not require an entry, leave it blank. Sale Cost b. Received payment less the discount. If an amount box does not require an entry, leave it blank. c. Issued a $850 credit memo for damaged merchandise. The customer agreed to keep the merchandise. If an amount box does not require an entry, leave it blank
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