Business, 16.03.2020 19:26 admiralaj85

Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merchandise, $10,000, terms FOB shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice. Journalize the transactions above using the periodic inventory system. If an amount box does not require an entry, leave it blank.

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Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandis...