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Journalize the following merchandise transactions. The company uses the perpetual inventory system. Question Content Area a . Sold merchandise on account, $ 1 5 ,

Journalize the following merchandise transactions. The company uses the perpetual inventory system.
Question Content Area
a. Sold merchandise on account, $15,000 with terms 2/10, net 30. The cost of the goods sold was $9,750. If an amount box does not require an entry, leave it blank.
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Question Content Area
b. Received payment within the discount period. If an amount box does not require an entry, leave it blank.
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