Neighborhood Lawn Equipment uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.

May 18: Sold $26,000 of merchandise on account, credit terms are 1/10, n/30, FOB destination.
Cost of goods is $15,600.
May 22: Neighborhood negotiated a $600 allowance on the goods sold on May 18.
May 24: Neighborhood paid freight of $450 on the goods sold on May 18.


Business

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