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Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $19,500 with terms 1/10, n/30. The cost of the merchandise sold was $11,700.

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Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $19,500 with terms 1/10, n/30. The cost of the merchandise sold was $11,700. Sale Cost b. Received payment less the discount. 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 II Inventory

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