Journalize the Following Sales Transactions for Smith Printing Equipment Using

question 167

Essay

Journalize the following sales transactions for Smith Printing Equipment using the periodic inventory system.Explanations are not required.
$$\begin{array} { | l | l | } \hline \text { March } 2 & \begin{array} { l } \text { Smith sold } \$ 45,800 \text { of printing equipment on account, } \\\text { credit terms } 2 / 10 , \mathrm { n } / \mathrm { EOM }\end{array} \\\hline \text { March } 5 & \begin{array} { l } \text { Smith received a } \$ 2,500 \text { sales return on damaged goods } \\\text { from the customer }\end{array} \\\hline \text { March } 11 & \begin{array} { l } \text { Smith received payment from the customer on the } \\\text { amount due. }\end{array} \\\hline\end{array}$$

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Definitions:

Borderline Personality Disorder

A mental health disorder marked by patterns of ongoing instability in moods, behavior, self-image, and functioning.

Splitting

In psychology, a defense mechanism where an individual views others or themselves as all good or all bad, failing to integrate positive and negative attributes.

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The condition of being separated from others, leading to a lack of companionship and communication, often impacting mental health.