173. Journalize the following merchandise transactions:
A.
Sold merchandise on account, $10,700 with terms 2/10, net 30. The cost of the merchandise sold was $6,900.
B.
Received payment less the discount.
174. Travis Company purchased merchandise on account from a supplier for $7,500, terms 2/10, net 30. Travis returned $1,350 of the merchandise and received full credit. Travis Company paid for the merchandise within the discount period.Under a perpetual inventory system, record all of the journal entries required for the above transactions.
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