Question: CALCULATOR PRINIER YERSEM B AY Brief Exercise 8-02 Your answer is partially correct. Try again. Record the following transactions on the books of Cheyenne Corp.

CALCULATOR PRINIER YERSEM B AY Brief Exercise 8-02 Your answer is partially correct. Try again. Record the following transactions on the books of Cheyenne Corp. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (c) on July 1, Cheyenne Corp. sold merchandise on account to Waegelein Inc. for $17.400, terms 2/10, 1/30. On July 8, Waegelein Inc. returned merchandise worth $4,800 to Cheyenne Corp.. On July 11, Waegelein Inc. paid for the merchandise. Account Titles and Explanation Debit Credit (a) Accounts Receivable 1 Sales Revenue 17400 (b) sales Returns and Allowances | Accounts Receivable (0 cash Isales Discounts | Accounts Receivable Click if you would like to show Work for this question: Open Show Work 327 PM search A0 44 179/2020

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b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.