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Journalize the following merchandise transactions: a. Sold merchandise on account, $20,100 with terms 2/10,n/30. The cost of the merchandise sold was $12,060. If an amount
Journalize the following merchandise transactions: a. Sold merchandise on account, $20,100 with terms 2/10,n/30. The cost of the merchandise sold was $12,060. If an amount box does not require an entry, leave it blank. Feedback Theck My Work of the merchandise sold with a debit and merchandise inventory is credited. b. Received payment less the discount. If an amount box does not require an entry, leave it blank. Feedback V Check My Work (b) Consider the accounts that need to be debited and credited when a customer pays on their account
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