30. The cost of the goods sold is $39,200. Showcase issues acreditamo for $13.100 for merchandise reumed prior to Balbos Sales-Related Transed Showcase Co., a furniture wholesaler, sells merchandise te boa Co. on account, $65,300, term saying the original invoice. The cost of the merchandise returned is $7.900 - Journalire Showcase Co.'s entries for (1) the sale, including (2) the cost of the goods sold. a Accounts Receivable-Balboa co Cost of Goods Soldy Fachack MyWort a. Record transactions from the seller's perspective. Keep in mind that two reduction on the seller's records Learning Objective 2 b. Journaire Showcase Contries for (1) the credit memo, including (2) the cost of the returned merchandise Recevable tabaco are the return as two transactions (1) for the sales retur ad decrease in Accounts Receivable (2) for the increase tr y and Utry Object 2 b. Jumale Showcase Co V m Trustory L . Record the return two Learning sector 2