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Journalize the following merchandise transactions a Sold merchandise on account 92500 with terms 110 n30 The cost of the merchandise sold was 55500

Journalize the following merchandise transactions:
 

a. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the merchandise sold was $55,500.

b. Received payment less the discount.

c. Issued a credit memo for returned merchandise that was sold for $10,400 terms n/30. The cost of the merchandise returned was $6,500.

 
 

Apr 14 2021 View more View Less

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