Essay
Office Supplies Company uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
July 3: Sold $15,400 of merchandise on account,credit terms are n/30.Cost of goods is $9,300.
July 7: Received a $750 sales return from the customer.Cost of the goods is $435.
July 20: Received payment from the customer.
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