Journalize the following merchandise transactions, using the net method under a perpetual inventory system.

a. Sold merchandise on account, $21,300 with terms 1/10, n/30. The cost of the goods sold was $12,780. If an amount box does not require an entry, leave it blank.

	Accounts PayableAccounts ReceivableCashInventoryMiscellaneous ExpensePurchasesPurchases DiscountsPurchases Returns and AllowancesAccounts Receivable	Accounts Receivable	Accounts Receivable
	CashCost of Merchandise SoldPurchasesPurchases DiscountsPurchases Returns and AllowancesSalesSales DiscountsSales Returns and AllowancesSales	Sales	Sales
	Accounts PayableAccounts ReceivableCashCost of Goods SoldPurchasesPurchases Returns and AllowancesSalesSales DiscountsCost of Goods Sold	Cost of Goods Sold	Cost of Goods Sold
	Accounts PayableAccounts ReceivableCashInventoryPurchasesPurchases Returns and AllowancesSales DiscountsSales Returns and AllowancesInventory	Inventory	Inventory

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b. Received payment less the discount. If an amount box does not require an entry, leave it blank.

	Accounts PayableAccounts ReceivableCashCost of Merchandise SoldInventoryMiscellaneous ExpenseSalesSales Returns and AllowancesCash	Cash	Cash
	Accounts PayableAccounts ReceivableCashCost of Merchandise SoldPurchasesPurchases DiscountsPurchases Returns and AllowancesSales Returns and AllowancesAccounts Receivable	Accounts Receivable	Accounts Receivable

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c. Refunded $240 to customer for defective merchandise that was not returned. If an amount box does not require an entry, leave it blank.

	Accounts PayableAccounts ReceivableCashCustomer Refunds PayableInventoryMiscellaneous ExpenseSalesSales Returns and Allowances	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashCustomer Refunds PayableInventoryMiscellaneous ExpenseSalesSales Returns and Allowances	- Select -	- Select -

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