Sold merchandise that cost $800 to art co. For $1200 under credit terms of 2/15, n/60,FOB shipping point, invoice dated July 19. How do I getCash credit/debitSales discounts. credit/debitAccounts receivable-Art. credit/debit

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 4E: Journalize the following transactions in general journal form. a. Bought merchandise on account from...
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Sold merchandise that cost $800 to art co. For $1200 under credit terms of 2/15, n/60,FOB shipping point, invoice dated July 19. How do I get
Cash credit/debit
Sales discounts. credit/debit
Accounts receivable-Art. credit/debit

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