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Sales Transactions Journalize the following merchandise transactions: a . Sold merchandise on account, $ 7 8 , 6 0 0 with terms 1 1 0

Sales Transactions
Journalize the following merchandise transactions:
a. Sold merchandise on account, $78,600 with terms 110,n30. The cost of the merchandise sold was $47,200. If an amount box does not require an entry, leave it blank.
Sale Accounts Receivable
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