Assume you are the bookkeeper for Constance's Wholesalers, a distributor of kitchen furniture. Your sales manager informed you that Ben's Diner is unhappy with the quality of some tables delivered on May $9,2021,$ and will be shipping back all of the goods. The original invoice amounted to $$3,000$ and the goods cost Constance's $$1,000.$ Using a perpetual inventory system, complete the journal entries for Constance's Wholesalers for each of 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 allows Ben's Diner a $5\%$ discount if it agrees to keep the goods. Record Ben's payment in settlement of the invoice on June $9$ assuming the allowance is not recorded until the settlement date.

Date Account Title and Explanation Debit Credit

$2021$

Jun $9$ Answer

Cash

Answer

Answer

Sales Returns and Allowances

Answer

Answer

Accounts Receivable

Answer

Collected outstanding accounts receivable

b$)$ Suppose that Ben's shipped back all of the goods on May $20$ and the inventory was put back in the warehouse ready to be sold again. Journalize the transactions. Record the sales return transaction first.

Date Account Title and Explanation Debit Credit

$2021$

May $20$ Answer

Answer

Answer

Answer

Record sales returns

May $20$ Answer

Answer

Answer

Answer

Restock inventory

c$)$ Suppose that Ben's shipped back half of the goods on May $20$ 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

$2021$

May $20$ Answer

Answer

Answer

Answer

Record sales returns

May $20$ Answer

Answer

Answer

Answer

Restock inventory