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Sales-related transactions Sayers Co. sold merchandise on account to a customer for $90,000 terms 1/10, 1/30. The cost of the goods sold was $63,000. a.

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Sales-related transactions Sayers Co. sold merchandise on account to a customer for $90,000 terms 1/10, 1/30. The cost of the goods sold was $63,000. a. Joumalize Sayers' entries to record the sale. Accounts Receivable 89,100 Sales 89,100 Cost of Goods Sold 63,000 Inventory 63,000 Feedback b. Journalize the receipt of payment within the discount period. Cash Accounts Receivable 89,100 89,100 Feedback c. Journalize the entry to record the receipt of payment beyond the discount period of ten days. Cash 90,000 Accounts Receivable 90,000 X Sales 90,000 X Feedback

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