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Sales transactions: Journalize the following merchandise transactions a. Sold merchandise on account, $72,500 with terms, n/30. The cost of the goods sold was $43,500. b.
Sales transactions: Journalize the following merchandise transactions a. Sold merchandise on account, $72,500 with terms, n/30. The cost of the goods sold was $43,500. b. Sold merchandise with a list price of $2,500 for which 10% off coupons were redeemed. The cost of the merchandise sold was $1,700. No sales were on account. c. Issued 50,000 coupons for $5 off the next purchase to former customers. It is estimated that 25%
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