Content Area Welborn Stores offers a coupon on its website for $5 off the customers...
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Accounting
Content Area Welborn Stores offers a coupon on its website for $5 off the customers next purchase of $30 or more. Welborn also printed coupons at the bottom of its sales receipts for 10% off the customers next purchase of any amount. All sales are subject to a 5% sales tax (assessed on the amount charged to the sales account). Journalize the following transactions: A customer purchases $45 of merchandise, submits the $5 coupon, and pays cash. The cost of the merchandise sold is $20. A customer purchases $100 of merchandise, submits the 10% coupon, and pays with a VISA credit card. The cost of the merchandise sold is $45. If an amount box does not require an
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You can see the logs in the Dashboard.