Bailey's Beauty World is a wholesaler of hair supplies. Bailey's Beauty World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $33,837 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $360 ). $60,160 c. Sold merchandise (costing $8,740 ) 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. 390 18,400 f. Anticipate further returns of merchandise (costing \$280) after year-end from sales made during the year. 9,200 188 400 Prepare journal entries to record transactions (a)(f). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1 Sold merchandise for $60,160 cash. Record the entry. 2 The merchandise sold had a cost of $33,837. Record the entry. 3 Received merchandise returned by customers as unsatisfactory (but in perfect condition) for $390 cash refund. Record the entry. 4 The merchandise returned had a cost of $360. Record the entry. 5 Sold merchandise to a customer for $18,400 on account with terms n/60. Record the entry. 6 The merchandise sold had a cost of $8,740. Record the entry. 7 Collected half of the $18,400 balance owed by the customer in transaction c. Record the entry. 8 Granted a partial $188 allowance relating to credit sales the customer in transaction c had not yet paid. Record the entry. 9 Anticipate further returns of merchandise after year-end from $400 sales made during the year. Record the entry. 10 The anticipated merchandise returns have a cost of $280. Record the entry