Sold merchandise on account to Mystic, Inc. for $3,500, which initially cost $2,300, terms 1/10,...
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Sold merchandise on account to Mystic, Inc. for $3,500, which initially cost $2,300, terms 1/10, n/45. Credit sales revenue for $3,465 Credit inventory for $2,300 Credit sales revenue for $3,500 Debit cash for $3,500 Debit inventory for $2,300 Debit cost of goods sold for $2,300 Debit sales discount for $35 Debit accounts receivable for $3,500
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