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Journalize the following merchandise transactions: A. Sold merchandise on account, $15,600 with terms 2/10, net 30. The cost of the merchandise sold was $10,100. B.

Journalize the following merchandise transactions:

A. Sold merchandise on account, $15,600 with terms 2/10, net 30. The cost of the merchandise sold was $10,100.

B. Received payment less the discount.

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