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PE 6-3B Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on...

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PE 6-3B Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on account, $78,600 with terms 1/10, n/30. The cost of the mer- chandise sold was $47,200. b. Received payment less the discount. c. Issued a $900 credit memo for damaged merchandise. The customer agreed to keep the merchandise. 204 PE 6-4A Freight terms OBJ. 2

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