DE5-9 Refer to the Gap/Miralu Products situation in Daily Exercise 5-4. Record the three transactions on the books of the seller. Miralu Products. Assume Miralu keeps its records in U.S. dollars and that the goods cost Miralu $22.500. Miralu's transactions are

a. Sale of inventory and the related cost of goods sold.

b. The $8,000 sales return and the related receipt of defective goods (cost. $4.000) from the purchaser.

c. Collection of cash within the discount period.