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a. Sold merchandise for cash (cost of merchandise $152,590). $ 276,700 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash
a. | Sold merchandise for cash (cost of merchandise $152,590). | $ | 276,700 | |||||||||||||||
b. | Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $810). | 1,610 | ||||||||||||||||
c. | Sold merchandise (costing $9,450) to a customer on account with terms 2/10, n/30. | 21,000 | ||||||||||||||||
d. | Collected half of the balance owed by the customer in (c) within the discount period. | 10,290 | ||||||||||||||||
e. | Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid. | 1,820 | ||||||||||||||||
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