Journalize the following transactions. Assume a perpetual inventory system 201X Jul. 8 Sold merchandise on account, $630,

Question:

Journalize the following transactions. Assume a perpetual inventory system
201X
Jul. 8
Sold merchandise on account, $630, to Ring Co.; terms 3/10, n/30. Cost of merchandise was $390.
12 Purchased office equipment on account from MEC Co., $1,600.
13 Made refunds to cash customers, $200, for defective merchandise. The cost of defective merchandise was $25.