Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $9,450 with terms 2/10, n/30. The cost of the merchandise sold was $5,670. If an amount box does...

Extracted text: Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $9,450 with terms 2/10, n/30. The cost of the merchandise sold was $5,670. If an amount box does not require an entry, leave it blank. Sale Accounts Receivable v 9,450 X Sales v 9,450 Cost Cost of Merchandise Sold V 5,670 Merchandise Inventory 5,670 Feedback b. Received payment less the discount. If an amount box does not require an entry, leave it blank. Cash v 9,450 X Accounts Receivable v 9,450 X Feedback c. Issued a $1,100 credit memo for damaged merchandise. The customer agreed to keep the merchandise. If an amount box does not require an entry, leave it blank. Customer Refunds Payable v 1,100 Accounts Receivable v 1,100