Question: Select the correct journal entry for each transaction. June 1 : XYZ Company sold merchandise to ABC Company for $ 9 , 5 0 0

Select the correct journal entry for each transaction.

June

1

: XYZ

Company

sold

merchandise

to ABC

Company for $

9, 500

; terms

\frac{2}{5}, \frac{n}{15},

FOB

destination

(

cost of sales

6, 650)

June

6

Collected the

amount

owing from

the June

1

sale to from

ABC

Company

June

1

: XYZ

Company

sold

merchandise

Select the correct journal entry for each transaction. June 1: XYZ

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