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Sales Transactions Journalize the following merchandise transactions a. Sold merchandise on account, $17,050 with terms 2/10, n/30. The cost of the merchandise sold was $10,230

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Sales Transactions Journalize the following merchandise transactions a. Sold merchandise on account, $17,050 with terms 2/10, n/30. The cost of the merchandise sold was $10,230 Sale Cost b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $11,000 terms n/30. The cost of the merchandise returned was $6,600. Refund Inventory

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