Journalize the following merchandise transactions: a. Sold merchandise on account, $19,400 with terms 1/10, n/30. The cost of the goods sold was $11,640. Sale fill in the blank x x fill in the blank Cost fill in the blank x x fill in the blank b. Received payment less the discount. fill in the blank x x fill in the blank c. Refunded $470 to customer for defective merchandise that was not returned.

Journalize the following merchandise transactions: a. Sold merchandise on account, $19,400 with terms 1/10, n/30. The cost of the goods sold was $11,640. Sale fill in the blank x x fill in the blank Cost fill in the blank x x fill in the blank b. Received payment less the discount. fill in the blank x x fill in the blank c. Refunded $470 to customer for defective merchandise that was not returned.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 4E: Journalize the following transactions in general journal form. a. Bought merchandise on account from...

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