The red xs need to be corrected and the blank red xs boxes need to be filled out.

Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the goods sold was $55,500. Accounts Receivable Sale 92,500 x Sales 92,500 X Cost Costo ods Sold. [55,500 / Inventory Y 55,500 v b. Received payment less the discount. Cash Accounts Receivable c. Refunded $750 to customer for defective merchandise that was not returned. Sales Returns and Allowances x