Journalize the following transactions: 201X Jul. 8 Sold merchandise on account, $580, Ring; terms 4/10, n/30. Cost
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201X
Jul. 8 Sold merchandise on account, $580, Ring; terms 4/10, n/30. Cost of merchandise was $310.
12 Purchased office equipment on account from NHB Co., $1,900.
13 Made refunds to cash customers, $240, for defective merchandise. The cost of defective merchandise was $40.
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