Record the following transactions on the books of RAS Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a) On July 1, MS Co. sold merchandise on account to Waegelein Inc. for $17,400, terms 4/10, n/30.

(b) On July 8, Waegelein Inc. returned merchandise worth $5,100 to MS Co.

(c) On July 11, Waegelein Inc. paid for the merchandise.

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(a) (b) (c) Account Titles and Explanation Debit Credit (a) (b) (c) Account Titles and Explanation Debit Credit

Answer rating: 100% (QA)

Journal entry Date accounts explanation debit credit July 1 Acc... View the full answer