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Sep. 8: Sold merchandise inventory to Houston Company, $5,800, on account. Terms 2/15, n/35. Cost of goods, $2,610. Begin by preparing the entry to journalize

Sep. 8: Sold merchandise inventory to Houston Company, $5,800, on account. Terms 2/15, n/35. Cost of goods, $2,610. Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step. Date Sep. 8 Accounts Debit Credit

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