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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.

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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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