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Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $14,900 with terms 2/10, n/30. The cost of the merchandise sold was $8,940.

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Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $14,900 with terms 2/10, n/30. The cost of the merchandise sold was $8,940. Sale Cost b. Received payment less the discount. C. Issued a credit memo for returned merchandise that was sold for $11,200 terms n/30. The cost of the merchandise returned was $6,720. Refund Inventory

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