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a. Sold merchandise for cash (cost of merchandise $158,19o). b. Recelved merchandise returned by customers as unsatisfactory (but in perfect condition) $288,200 for cash refund

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a. Sold merchandise for cash (cost of merchandise $158,19o). b. Recelved merchandise returned by customers as unsatisfactory (but in perfect condition) $288,200 for cash refund (original cost of merchandise $890). c. Sold merchandise (costing $11,700) to a customer on account with terms 2/10, n/30. d. Collected half of the balance owed by the customer In (c) within the discount period. e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet 1,690 26,000 12,740 paid. 1,920 References Section Break CP6-3 Recording Cash Sales, Credit Sales. Sales Discounts, Sales Returns, and Sales Allowances and Anelyzing Gross Profit Percentage [LO 64, L651 value: 1.33 points CP6-3 Part 1 Required 1. Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop. Sales Revenue Net Sales Gross Profit

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