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Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles. Mar. 1 Sold merchandise on account, $72,500 with
Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles.
| Mar. | 1 | Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500. |
| 9 | Received payment less the discount. |
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
13th Edition
0133791009, 978-0133791006
