Journalize the following sales related transactions: On August 12, sold merchandise on account to Customer...
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Journalize the following sales related transactions: On August 12, sold merchandise on account to Customer A, $17,300, with terms 2/10, net 30. The cost of the merchandise sold was $12,500. August 15, sales on bank credit cards totals $4,900 on bank credit cards that charge a 2.5% service charge. (Record both the sale and the credit card expense.) On August 22, payment was received within the discount period from Customer A.
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