ructions a. Sold merchandise on account, $13,100, with terms 2/10, net 30 on December 26. The cost of the goods sold was $8,515. b. Received payment on December 31 within the discount period....

ructions<br>a.<br>Sold merchandise on account, $13,100, with terms 2/10, net 30 on December 26. The cost of the<br>goods sold was $8,515.<br>b.<br>Received payment on December 31 within the discount period.<br>Required:<br>Journalize the above merchandise transactions. The company uses the perpetual inventory system. Refer to the Chart of Accounts for exact<br>wording of account titles.<br>Previous<br>Next<br>

Extracted text: ructions a. Sold merchandise on account, $13,100, with terms 2/10, net 30 on December 26. The cost of the goods sold was $8,515. b. Received payment on December 31 within the discount period. Required: Journalize the above merchandise transactions. The company uses the perpetual inventory system. Refer to the Chart of Accounts for exact wording of account titles. Previous Next

Jun 10, 2022

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ructions a. Sold merchandise on account, $13,100, with terms 2/10, net 30 on December 26. The cost of the goods sold was $8,515. b. Received payment on December 31 within the discount period....

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