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

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Accounting

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PE 6-3A Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500. b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $2,300 terms n/30. The cost of the merchandise returned was $1,600

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