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Sales Transactions Journalize the following merchandise transactions: Hide a. Sold merchandise on account, $18,800 with terms 2/10, n/30. The cost of merchandise sold was $11,280.
Sales Transactions Journalize the following merchandise transactions: Hide a. Sold merchandise on account, $18,800 with terms 2/10, n/30. The cost of merchandise sold was $11,280. Sale Cost Hide b. Received payment less the discount. For a compound transaction, if an amount box does not require an entry, leave it blank.
Sales Transactions
Journalize the following merchandise transactions:
Hide
a. Sold merchandise on account, $18,800 with terms 2/10, n/30. The cost of merchandise sold was $11,280.
Sale
Cost
Hide
b. Received payment less the discount. For a compound transaction, if an amount box does not require an entry, leave it blank.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
