Business, 23.06.2020 23:01 Geo777

Journalize the following merchandise transactions. The company uses the perpetual inventory system. a. Sold merchandise on account, $17,300, with terms 2/10, net 30. The cost of the goods sold was $12,600.
Sale Accounts Receivable
Cost of Goods Sold
Cost Inventory
Cash
b. Received payment within the discount period.
Sales
Accounts Receivable
Are these categories and $ amounts correct?

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Journalize the following merchandise transactions. The company uses the perpetual inventory system....