Journalize the following transactions for the Pool Palace. Explanations are not required. a. Sold $81,000 of merchandise
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Journalize the following transactions for the Pool Palace. Explanations are not required.
a. Sold $81,000 of merchandise to Regal Spas, Inc., on account, terms 4/15, n/60; the merchandise cost the Pool Palace $44,500.
b. Received payment for the goods from Regal Spas, Inc., within the discount period?
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