Journalize the following merchandise transactions - sold
Sales transactions
Journalize the following merchandise transactions:
1. Sold merchandise on account, $41,100 with terms 2/10, n/30. The cost of the merchandise sold was $26,750.
2. Received payment less the discount.
Now Priced at $10 (50% Discount)
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sales transactionsjournalize the following merchandise transactions1 sold merchandise on account 41100 with terms 210
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