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Journalize the following transactions for Oyster Corp. Assume Oyster Corp. uses the gross method of recording sales discounts. Date Transaction April 1 Sold merchandise on
Journalize the following transactions for Oyster Corp. Assume Oyster Corp. uses the gross method of recording sales discounts. Date Transaction April 1 Sold merchandise on account, $8,000, terms 1/10, n/30. The cost of merchandise sold was $4,200. 7 Sold merchandise on account, $5,000, terms 2/10, n/30. The cost of merchandise sold was $2,750. 9 Received payment on account for the sale on April 1, less discount. 24 Received payment on account for the sale of April 7. If an amount box does not require an entry, leave it blank. Date April 1 April 1 April 7 April 7 April 9 April 24 Account Debit Credit
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