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Journalize the following merchandise transactions: a. Sold merchandise on account, $22,100 with terms 1/10, n/30. The cost of the merchandise sold was $13,260. Sale fill
Journalize the following merchandise transactions:
a. Sold merchandise on account, $22,100 with terms 1/10, n/30. The cost of the merchandise sold was $13,260.
Sale | fill in the blank | ||
fill in the blank | |||
Cost | fill in the blank | ||
fill in the blank |
b. Received payment less the discount.
fill in the blank | |||
fill in the blank |
c. Issued a credit memo for returned merchandise that was sold for $11,400 terms n/30. The cost of the merchandise returned was $6,840.
Refund | fill in the blank | ||
fill in the blank | |||
Inventory | fill in the blank | ||
fill in the blank |
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