The following are transactions for Brian for the month of October.Indicate how the following transactions would be recorded by completing the necessary journal entries as appropriate (omit explanations).
Oct. 1 Brian invested in his business.
Oct. 3 Sold of merchandise on account to . Holand, sales invoice No. 1, terms .
Oct. 5 Sold of merchandise on account to T. Traer, sales invoice No. 2, terms .
Oct. 13 Received cash from . Holand in payment for October 3 transaction, less the discount.
Oct. 14 Issued credit memorandum No. 1 to . Traer for for merchandise returned from October 5 sale on account.
Oct. 15 Received cash from . Traer for the amount due, less the discount.
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