Journalize the following of merchandise transactions. Refer to the Chart Accounts for exact wording of account titles. Mar. 1 Sold merchandise on account, $74,200 with terms 2/10, n/30. The cost of the merchandise sold was $44,600. 9 Received payment less the discount.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalize the
following
of
merchandise transactions.
Refer to the Chart
Accounts for exact wording
of account titles.
Mar. 1 Sold merchandise on
account, $74,200 with terms
2/10, n/30.
The cost of the merchandise
sold was $44,600.
9 Received payment less the
discount.
Transcribed Image Text:Journalize the following of merchandise transactions. Refer to the Chart Accounts for exact wording of account titles. Mar. 1 Sold merchandise on account, $74,200 with terms 2/10, n/30. The cost of the merchandise sold was $44,600. 9 Received payment less the discount.
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