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Journalize the following merchandise transactions:
(a)Sold merchandise on account, $17,300, with terms 2/10, net 30. The cost of the merchandise sold was $12,600.
(b)Received payment within the discount period.
Private Sector
The part of the economy that is run by individuals and companies for profit, as opposed to the public sector, which is managed by the government.
Regulatory Agency
A government body responsible for directing and enforcing specific regulations to ensure that standards and laws are followed within specific industries or sectors.
Restrictions
Limitations or constraints placed on activities, behaviors, or movements.
Fiscal Policy
Government policies related to taxation and spending to influence the economy.
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