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683.2 294 PE 6-3B Sales transactions Journalize the following merchandise transactions: a. Sold merchandise on...

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Accounting

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683.2 294 PE 6-3B Sales transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $92,500 with terms 1/10, n/30. The cost of the mer- chandise sold was $55,500. b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $10,400 terms n/30 The cost of the merchandise returned was $6,500

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