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On March 1 , Sally Co . sold merchandise to Buck Co . on account, $ 2 8 , 4 0 0 , terms 2

On March 1, Sally Co. sold merchandise to Buck Co. on account, $28,400, terms 2/15, n/30. The cost of the merchandise soldis $19,500. The merchandise was paid for on March 14. Assume all discounts are taken.
Required:
Journalize the entries for Sally Co. and Buck Co. for the sale, purchase, and payment of amount due. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
Journalize the entries for Sally Co. for the sale on March 1 and payment of the amount due on March 14. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
JOURNAL Dn March 1, Sally Co. sold merchandise to Buck Co. on account, \(\$ 28,400\), terms \(2/15, n /30\). The cost of the merchandise sold is \(\$ 19,500\). The merchandise was paid for on March 14. Assume all discounts are taken.
Required:
Journalize the entries for Sally Co. and Buck Co. for the sale, purchase, and payment of amount due. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Journalize the entries for Sally Co. for the sale on March 1 and payment of the amount due on March 14. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
JOURNAL Journalize the entries for Buck Co. for the purchase on March 1 and payment of the amount due on March 14. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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JOURNAL
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