Question

a. Sold merchandise for cash (cost of merchandise $151,550). $ 273,300 b. Received merchandise returned by...

a. Sold merchandise for cash (cost of merchandise $151,550). $ 273,300
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $790). 1,740
c. Sold merchandise (costing $8,550) to a customer on account with terms n/30. 19,000
d. Collected half of the balance owed by the customer in (c). 9,500
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,780
  1. Prepare journal entries to record transactions (a)–(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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