ARGU...EARCH 2177 Apple iCloud Yahoo Bing www Wikipedia Facebook Twitter Linkedin The Weather Channel Error Pepsico Yelp TripAdvisor 16 Post Attendee - Zoom Pearson et Connect apter 6 Homework Problems - REQ'D Post Attendee Zoom Saved Help Save & Exit 14 rt 3 of 4 Required information PA6-3 Recording Sales with Discounts and Returns and Analyzing Gross Profit Percentage [LO 6-4, LO 6- 5) (The following information applies to the questions displayed below) Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: 8 ts eBook $51,200 a. Sold merchandise for cash (cost of merchandise $28,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $360). c. Sold merchandise (costing $4,750) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 600 10,000 5,000 Print 160 references PA6-3 Part 3 3. Prepare journal entries to record transactions (0)-(e), (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list