a) 51400

b) 620

c) 10000

d) 4950

e) 170

Hair Care Inc. is a wholesaler of hair supplies. Hair Care uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $28,997) b. Received merchandise returned by customers as unsatistactory (but in perfect condition), for cash refund original cont merchandise $380) c. Sold merchandise (costing $4,850) to a customer, on account with terms 1/10, 1/30 d. Collected half of the balance owed by the customer in (c) within the discount period e. Granted an allowance to the customer in (c) Required: 1. Compute Sales Revenue, Net Sales, and Gross Profit for Hair World $ 61,400 Sales revenue Net sales Gross profit 2. Compute the gross profit percentage. (Round your answer to the nearest whole percent.) Gross pront percentage 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.) View transaction list Journal entry worksheet