Question: SalesTransactions Journalize the following merchandise transactions, using the net method under a perpetual inventory system. a. Sold merchandise on account, $18,800 with terms 1/10, n/30.

SalesTransactions

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

a.Sold merchandise on account, $18,800 with terms 1/10, n/30. The cost of the goods sold was $11,280. If an amount box does not require an entry, leave it blank.

fill in the blank a0e355fa600402b_2

fill in the blank a0e355fa600402b_3

fill in the blank a0e355fa600402b_5

fill in the blank a0e355fa600402b_6

fill in the blank a0e355fa600402b_8

fill in the blank a0e355fa600402b_9

fill in the blank a0e355fa600402b_11

fill in the blank a0e355fa600402b_12

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

fill in the blank 61604a089fbc04b_2

fill in the blank 61604a089fbc04b_3

fill in the blank 61604a089fbc04b_5

fill in the blank 61604a089fbc04b_6

c.Refunded $430 to customer for defective merchandise that was not returned. If an amount box does not require an entry, leave it blank.

fill in the blank 88d2ef078016fa0_2

fill in the blank 88d2ef078016fa0_3

fill in the blank 88d2ef078016fa0_5

fill in the blank 88d2ef078016fa0_6

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