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RessignmentSessionLocator=&inprogress=false OP Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $25,800 with terms 2/10,n/30. The cost of the merchandise sold was
RessignmentSessionLocator=&inprogress=false OP Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $25,800 with terms 2/10,n/30. The cost of the merchandise sold was $15,480, Sale Accounts Receivable Sales Cost Cost of Merchandise Sold 15,480 Merchandise Inventory 15.480 b. Received payment less the discount. Cash 25.234 Accounts Receivable 25.284 c. Issued a credit memo for returned merchandise that was sold for $10,400 terms n/30. The cost of the merchandise returned was $6,240. Refund Accounts Receivable Inventory Merchandise Inventory
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