Question Content Area Transactions for Buyer and Seller Sievert Co sold merchandise to Chang Co on account, $151,400, terms FOB shipping point, 2 10, n 30 The cost of the merchandise sold is $90,840 Sievert Co paid freight of $2,000 Assume that all discounts are taken Question Content Area Journalize Sievert Co 's entries for the (a) sale, (b) purchase, and (c) payment of amount due If an amount box does not require an entry, leave it blank (a) Accounts PayableAccounts Receivable Chang Co CashSalesSales Returns and Allowances Accounts PayableAccounts Receivable Chang Co CashSalesSales Returns and Allowances blank Accounts PayableCost of Merchandise SoldSales DiscountsSales Returns and AllowancesTransportation Out Accounts PayableAccounts Receivable Chang Co CashMerchandise InventorySales Returns and Allowances (b) Accounts PayableAccounts Receivable Chang Co CashSales ReturnsSales Returns and Allowances Accounts PayableAccounts Receivable Chang Co CashSales ReturnsSales Returns and Allowances (c) Accounts PayableCashCost of Merchandise SoldMerchandise InventorySales Accounts PayableAccounts Receivable Chang Co Cost of Merchandise SoldSales ReturnsSales Returns and Allowances Question Content Area Journalize Chang Co 's entries for (a) sale, and (b) payment of amount due If an amount box does not require an entry, leave it blank (a) Accounts Payable Sievert Co Accounts ReceivableCost of Merchandise SoldMerchandise InventorySales Select Select Accounts Payable Sievert Co Accounts ReceivableCashMerchandise InventorySales Select Select (b) Accounts Payable Sievert Co Accounts ReceivableCashMerchandise InventorySales Select Select Accounts Payable Sievert Co Accounts ReceivableCashCost of Merchandise SoldSales Select Select

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Question Content Area Transactions for Buyer and Seller Sievert Co. sold merchandise to Chang Co. on account, $151,400, terms FOB shipping point, 2/10, n/30. The

Question Content Area

Transactions for Buyer and Seller

Sievert Co. sold merchandise to Chang Co. on account, $151,400, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $90,840. Sievert Co. paid freight of $2,000. Assume that all discounts are taken.

Question Content Area

Journalize Sievert Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it blank.

(a)	Accounts PayableAccounts Receivable-Chang Co.CashSalesSales Returns and Allowances
	Accounts PayableAccounts Receivable-Chang Co.CashSalesSales Returns and Allowances
blank	Accounts PayableCost of Merchandise SoldSales DiscountsSales Returns and AllowancesTransportation Out
	Accounts PayableAccounts Receivable-Chang Co.CashMerchandise InventorySales Returns and Allowances
(b)	Accounts PayableAccounts Receivable-Chang Co.CashSales ReturnsSales Returns and Allowances
	Accounts PayableAccounts Receivable-Chang Co.CashSales ReturnsSales Returns and Allowances
(c)	Accounts PayableCashCost of Merchandise SoldMerchandise InventorySales
	Accounts PayableAccounts Receivable-Chang Co.Cost of Merchandise SoldSales ReturnsSales Returns and Allowances

Question Content Area

Journalize Chang Co.'s entries for (a) sale, and (b) payment of amount due. If an amount box does not require an entry, leave it blank.

(a)	Accounts Payable-Sievert Co.Accounts ReceivableCost of Merchandise SoldMerchandise InventorySales	- Select -	- Select -
	Accounts Payable-Sievert Co.Accounts ReceivableCashMerchandise InventorySales	- Select -	- Select -
(b)	Accounts Payable-Sievert Co.Accounts ReceivableCashMerchandise InventorySales	- Select -	- Select -
	Accounts Payable-Sievert Co.Accounts ReceivableCashCost of Merchandise SoldSales	- Select -	- Select -