6. EX.05.10.ALGO (Algorithmic) ELE eBook Customer refund Senger Company sold merchandise of $15,000, terms 2/10, n/30, to Burris Inc. on April 23. Burris paid Senger for the merchandise on May 2. On May 12, Senger paid Burris $470 for costs incurred by Burris to repair defective merchandise. a. Journalize the entry by Senger Company to record the customer refund to Burris Inc. If an amount box does not require an entry, leave it blank. Senger Company to b. Assume that instead of paying Burris cash, Senger issued a credit mo to Burris to be used against Burris's outstanding account receivable balance. Journalize the entry record the issuance of the credit memo. If an amount box does not require an entry, leave it blank. 7. EX.05.14.ALGO (Algorithmic) eBook Show Me How Sales-related transactions Sayers Co. sold merchandise on account to a customer for $80,000 terms 1/10, n/30. The cost of the goods sold was $58,000. a. Journalize Sayers' entries to record the sale, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. b. Journalize the receipt of payment within the discount period. If an amount box does not require an entry, leave it blank. b. Journalize the receipt of payment within the discount period. If an amount box does not require an entry, leave it blank. c. Journalize the entry to record the receipt of payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank