a. Sold merchandise for cash (cost of merchandise $241,350). $530,000 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $2,300). 3,600 c. Sold merchandise (costing $3,960) to a customer on account with terms n/30. 6,600 d. Collected half of the balance owed by the customer in (c). 3,300 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,150 3. 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 Record the cash sales of $530,000. Note: Enter debits before credits. General Journal Debit Credit Transaction a(1) Record entry Clear entry View general journal