Journalize the following transactions for the Pool Warehouse Explanations are
Journalize the following transactions for the Pool Warehouse. Explanations are not required.
a. The Pool Warehouse sold $55,000 of merchandise to Sonny’s Spas, Inc. on account, terms 2/15, n/30. The merchandise cost the Pool Warehouse $30,250.
b. Received payment for the goods from Sonny’s Spas, Inc. within the discount period.
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