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.
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.