Refer to the chart of accounts for exact wording of account

Reference no: EM131017137

Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles.

Mar.	1	Sold merchandise on account, $72,500 with terms 2/10, n/30. The cost of the merchandise sold was $43,500.
	9	Received payment less the discount.

Reference no: EM131017137

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