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Question Completion Status: Question 2 The following transactions of M&B Merchandise Company are given: January 2, 2019 January 4, 2019 Purchased merchandise for TL 23.000

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Question Completion Status: Question 2 The following transactions of M&B Merchandise Company are given: January 2, 2019 January 4, 2019 Purchased merchandise for TL 23.000 under the condition 10/6; n/30. Returned merchandise worth TL 6.000. Sold merchandise for TL 8.000 under the condition 4/7; n/30. The cost of merchandise sold was TL 5.000. January 6, 2019 Which of the followings are true? The journal entry for the transaction from Jan 4 has the debit item Merchandise Inventory The journal entry for the transaction from Jan has the debit item Sales Revenue The journal entry for the transaction from jan has the item Merchandise inventory on credit side The journal entry for the transaction from Jan 2 has the debit item Merchandise inventory DELL

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