C eBook w/ Show Me How Purchase-Related Transactions Showcase Cow a furniture wholesaler, sells merchandise to Balboa Co, on account, $254,500, terms w/ 30. The cost of the goods sold is $152,700. Showcase issues a credit memo for $30,000 for merchandise returned prior to Balboa paying the original invoica, The cost of the merchandise returned is $17,500. a. Journalite Balboa Co.'s entry for the purchase. Inventory 254,500 Accounts Payable-Showcase Co. 254.500 Feedback b. Journalize Balboa Co.'s entry for the return of the merchandise for credit Accounts Payable-Showcase Co. 10.000 Inventory 10,000 Feedback c. Journalisme Balboa Co.'s entry for the payment of the invoice Accounts Payable-Showcase Co. Cash Previous Next Check My Work