Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $13,600 with terms 1/10,n/30. The cost of the merchandise 501d was $8,160. If an amount box does not require an entry, leave it blank. Feedback Check My Work b. Received payment less the discount. If an amount box does not require an entry, leave it blank: c. Issued a $1,000 credit memo for damaged merchandise. The customer agreed to keep the merchandise. If an amount box does not require an entry, leave it blank