Sep. 25: Sold merchandise inventory to Sundun for $1,200 on account that cost $492. Terms of...

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Sep. 25: Sold merchandise inventory to Sundun for $1,200 on account that cost $492. Terms of 2/10, n/30 was offered, FOB shipping point. As a courtesy to Sundun, $45 of freight was added to the invoice for which cash was paid by Violet Begin by preparing a compound journal entry to journalize the sale and the full amount of the receivable from this transaction. Do not record the expense related to the sale. We will do that in the following step. (Prepare a compound journal entry.) Date Sep. 25 Accounts Debit Credit Sep. 25: Sold merchandise inventory to Sundun for $1,200 on account that cost $492. Terms of 2/10, n/30 was offered, FOB shipping point. As a courtesy to Sundun, $45 of freight was added to the invoice for which cash was paid by Violet Begin by preparing a compound journal entry to journalize the sale and the full amount of the receivable from this transaction. Do not record the expense related to the sale. We will do that in the following step. (Prepare a compound journal entry.) Date Sep. 25 Accounts Debit Credit