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Journalize the following merchandise transactions: A. Sold merchandise on account, $13,100 with terms 2/10, net 30. The cost of the merchandise sold was $7,000. B.
Journalize the following merchandise transactions:
A. Sold merchandise on account, $13,100 with terms 2/10, net 30. The cost of the merchandise sold was $7,000.
B. Received payment less the discount.
C. Purchased merchandise on account from a supplier for $5,600, terms 2/10, net 30.
D. Returned $1,150 of the merchandise and received full credit.
E. Paid for the merchandise within the discount period.
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