b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $760) c. Sold serchandise (costing $7,658) to a custoner on account with teres n/38. d. Collected half of the balance oved by the customer in (e) 1,718 Granted apartial llowance relating to credit sales the customer in (c) had not yet paid 8,5e0 1,740 1 3 of 4 3. Prepare journal entries to record transactions (aj-(e). (If no entry is required for a transaction/event, select "No Journal Entry points Required" in the first account field.) Answer is not complete. General Journal Debit Credit Cash 268,900 Sales Revenue 268,900 a(2) Cost of Goods Sold 149,510 Inventory 149,510 1) Inventory Cash 1,710 1,710 b(2) 60 Cost of Goods Sold 160 17,000 Sales Revenue 17,000 2) |Cost of Goods Sold 7,650 Inventory 7,650 Cash Sales Revenue 8,500 8500 Accounts Receivable 17,000 Sales Revenue 1.740 Accounts Receivable 1,740 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $760) c. Sold serchandise (costing $7,658) to a custoner on account with teres n/38. d. Collected half of the balance oved by the customer in (e) 1,718 Granted apartial llowance relating to credit sales the customer in (c) had not yet paid 8,5e0 1,740 1 3 of 4 3. Prepare journal entries to record transactions (aj-(e). (If no entry is required for a transaction/event, select "No Journal Entry points Required" in the first account field.) Answer is not complete. General Journal Debit Credit Cash 268,900 Sales Revenue 268,900 a(2) Cost of Goods Sold 149,510 Inventory 149,510 1) Inventory Cash 1,710 1,710 b(2) 60 Cost of Goods Sold 160 17,000 Sales Revenue 17,000 2) |Cost of Goods Sold 7,650 Inventory 7,650 Cash Sales Revenue 8,500 8500 Accounts Receivable 17,000 Sales Revenue 1.740 Accounts Receivable 1,740