Question: I need help with these two problems ASAP. Please and thanks! :) Journalize the following merchandise transactions: a. Sold merchandise on account, $17,300, with terms

Journalize the following merchandise transactions: a. Sold merchandise on account, $17,300, with terms 2/10, net 30 . The cost of the merchandise sold was $12,600. Sale Cost b. Received payment within the discount period. The baiances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet (work sheet), indicate whether each balance would flow to (a) the income statement, (b) the statement of owner's equity, or (c) the balance sheet
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