Journalize the following merchandise transactions: a. Sold merchandise on account, $94,800 with terms 2/10, n/30. The cost
Question:
Journalize the following merchandise transactions:
a. Sold merchandise on account, $94,800 with terms 2/10, n/30. The cost of the merchandise sold was $56,900.
b. Received payment less the discount.
c. Issued a $500 credit memo for damaged merchandise. The customer agreed to keep the merchandise.
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Debit Credit a Debtors 94800 Sale 94800 Goods sold on account Cost of g...View the full answer
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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