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1 2. 3 4 Sales Discounts and Allowances Required: Record the journal entries for the following transactions of Furniture Warehouse! A. Aug. 3: Sold 15

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1 2. 3 4 Sales Discounts and Allowances Required: Record the journal entries for the following transactions of Furniture Warehouse! A. Aug. 3: Sold 15 couches at $500 cach to a customer, credit terms 2/15, 1/30, invoice date August 3; the couches cost Furniture Warehouse S150 each. B. Aug. 8: Customer returned 2 couches for a full refund. The merchandise was in sellable condition at the original cost C. Aug. 15: Customer found 4 defective couches but kept the merchandise for an allowance of $1,000, D. Aug. 18. Customer paid their account in full with cash

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