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Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $22,850 with terms 2/10, n/30. The cost of the merchandise sold was $13,710.

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Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $22,850 with terms 2/10, n/30. The cost of the merchandise sold was $13,710. Sale Cost b. Received payment less the discount. o C. Issued a credit memo for returned merchandise that was sold for $10,800 terms n/30. The cost of the merchandise returned was $6,480. Refund Inventory

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