Sales Transactions

Journalize the following merchandise transactions, using the net method under a perpetual inventory system.

a$.$ Sold merchandise on account, $$18,000$ with terms $\frac{1}{10},\frac{n}{30}.$ The cost of the goods sold was $$10,800.$ If an amount box does not require an entry, leave it blank.

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b$.$ Received payment less the discount. If an amount box does not require an entry, leave it blank.

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c$.$ Refunded $$600$ to customer for defective merchandise that was not returned. If an amount box does not require an entry, leave it blank.

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