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Journalize the following merchandise transactions: a. Sold merchandise on account, $9,100 with terms 1/10,n/30. The cost of the merchandise sold was $5,460. b. Recelved payment

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Journalize the following merchandise transactions: a. Sold merchandise on account, $9,100 with terms 1/10,n/30. The cost of the merchandise sold was $5,460. b. Recelved payment less the discount. Transactions for Buyer and Seller Wilmington Co. sold merchandise to Angelleti Co. on account, $8,000, terms 2/15,n/30. The cost of merchandise sold is $4,800. Assume all discounts are taken. Journalize Wilmington Co.'s entries for (a) the sale on account and (b) the collection of the amount due

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