Question 2 Part A Journalize the following merchandise transactions 0. Sold merchandise on account, $10.700...
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Question 2 Part A Journalize the following merchandise transactions 0. Sold merchandise on account, $10.700 with terms 2/10,n30The cost of the merchandise sold was $6,900. (5 marks) (1). Received payment less the discount. (4.5 marks) Part B Cole Company purchased merchandise on account from a supplier for $7,500, terms 2/10, net 30. Travis returned $1,350 of the merchandise and received full credit. Cole Company paid for the merchandise within the discount period Under a perpetual inventory system, record all of the journal entries required for the above transactions (8 marks)
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