Journalize the following transactions: 1. Sold merchandise on account to Troy Co., invoice no. 10, $50. The
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Journalize the following transactions:
1. Sold merchandise on account to Troy Co., invoice no. 10, $50. The cost of the merchandise was $28.
2. Received check from Brown Co., $300, less 3% discount.
3. Cash sales, $104. The cost of merchandise was $59.
4. Issued credit memorandum no. 2 to Troy Co. for defective merchandise, $18. The cost of the merchandise was $11.
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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