13.value:

3.50 pointsRequired information 3. 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.)

The following information applies to the questions displayed below.]

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a. Sold merchandise for cash (cost of merchandise $160,750). $ 294,300

b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $930). 1,730

c. Sold merchandise (costing $13,050) to a customer on account with terms 2/10, n/30. 29,000

d. Collected half of the balance owed by the customer in (c) within the discount period. 14,210

e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid. 1,980