Assume you are the bookkeeper for Constance's Wholesaler, a distributor of kitchen furniture. Your sales manager informed you that Ben's Retailers is unhappy with the quality of some tables delivered on April $4,2018,$ and will be shipping back all of the goods. The original invoice amounted to $$2,100$ and the goods cost Constance's $$1,000.$ The company uses a perpetual inventory system, journalize the following independent scenarios.

Do not enter dollar signs or commas in the input boxes.

Round all answers to $2$ decimal places.

Enter debit accounts in alphabetical order.

Required

a$)$ Rather than taking back the tables, your sales manager agreed to allow Ben's Retailers a $10\%$ discount if they agree to keep the goods. Record Ben's payment in settlement of the invoice on May $4$ assuming the allowance is not recorded until the settlement date.

Date Account Title and Explanation Debit Credit

$2018$

May $4$ Answer

Cash

Answer

Answer

Sales Returns and Allowances

Answer

$210$

Answer

Accounts Receivable

Answer

Collected outstanding accounts receivable

b$)$ Suppose that Ben's shipped back all of the goods on April $18$ and the inventory was put back on the sales floor. Journalize the transactions. Record the sales return transaction first.

Date Account Title and Explanation Debit Credit

$2018$

Apr $18$ Answer

Sales Returns and Allowances

Answer

Answer

Accounts Receivable

Answer

Record sales returns

Apr $18$ Answer

Merchandise Inventory

Answer

Answer

Cost of Goods Sold

Answer

Restock inventory

c$)$ Suppose that Ben's shipped back half of the goods on April $18$ and kept the other half with a $15\%$ allowance. Journalize the transactions. Record the sales return transaction first.

Date Account Title and Explanation Debit Credit

$2018$

Apr $18$ Answer

Sales Returns and Allowances

Answer

Answer

Accounts Receivable

Answer

Record sales returns

Apr $18$ Answer

Merchandise Inventory

Answer

Answer

Cost of Goods Sold

Answer

Restock inventory