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QUESTION 5 Sold 3500 of merchandise on credit (cost of 2000), with terms 2/10,n/30, and invoice dated January 6. Record the transaction. Jan 6 Accounts

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QUESTION 5 Sold 3500 of merchandise on credit (cost of 2000), with terms 2/10,n/30, and invoice dated January 6. Record the transaction. Jan 6 Accounts Receivable 3430 Sales 3430 Jan 6 Cost of Goods Sold 2000 Merchandise Inventory 2000 Jan 6 Merchandise sold 2000 cash 2000 Jan 6 Accounts payable 3500 cash 3500 Jan 6 Accounts Receivable 3500 Sales 3500 Jan 6 Cost of Goods Sold 3500 Merchandise Inventory 3500 Jan 6 Accounts Receivable 3500 Sales 3500 Jan 6 Cost of Goods Sold 2000 Merchandise Inventory 2000

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