Sales Transactions

Journalize the following merchandise transactions:

a. Sold merchandise on account, $26,850 with terms 2/10, n/30. The cost of the goods sold was $16,110.

Sale	Accounts Receivable	fill in the blank 1f826800b02601c_2
	Sales		fill in the blank 1f826800b02601c_4
Cost	Cost of Goods Sold	fill in the blank 1f826800b02601c_6
	Inventory		fill in the blank 1f826800b02601c_8

b. Received payment less the discount.

	Cash	fill in the blank 001f1afb902f011_2
	Accounts Receivable		fill in the blank 001f1afb902f011_4

c. Refunded $360 to customer for defective merchandise that was not returned.

	Customer Refunds Payable	fill in the blank 32cd05fe9fff076_2
	Cash		fill in the blank 32cd05fe9fff076_4