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View Full Version : Journalize the following merchandise transactions: A.She sold merchandise on acc


ebjnice
Oct 10, 2011, 10:24 AM
Journalize the following merchandise transactions:

A.


She sold merchandise on account, $15,000 with terms 2/10, net 30. The cost of the merchandise sold was $7,500.00.

B.


She received payment minus the discount.

C.


She purchased merchandise on account ($7,000) with terms of 2/10, net 30.

D.


She for paid merchandise purchased on account.