Prepare journal entries to record the following transactions entered into by the Castagno Company: $\underline{\text{2014 }} $
$ \text { Nov. 1 Sold merchandise on account to Mercer, Inc., for \$ 18,000 terms 2/10, n/30. }$

$ \text { Nov. 5 Mercer, Inc., returned merchandise worth \$ 1,000 } $

$ \text { Nov. g Received payment in full from Mercer, Inc. } $

Question

Prepare journal entries to record the following transactions entered into by the Castagno Company: $\underline{\text{2014 }} $
$ \text { Nov. 1 Sold merchandise on account to Mercer, Inc., for  \$ 18,000   terms 2/10, n/30.   }$

$ \text { Nov. 5 Mercer, Inc., returned merchandise worth  \$ 1,000   }   $

$ \text {  Nov.   g   Received payment in full from Mercer, Inc. }  $

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The Answer of Prepare journal entries to record the following transactions entered into by the Castagno Company: $\underline{\text{2014 }} $
$ \text { Nov. 1 Sold merchandise on account to Mercer, Inc., for  \$ 18,000   terms 2/10, n/30.   }$

$ \text { Nov. 5 Mercer, Inc., returned merchandise worth  \$ 1,000   }   $

$ \text {  Nov.   g   Received payment in full from Mercer, Inc. }  $

Prepare Journal Entries to Record the Following Transactions Entered into by the Castagno