Costume Warehouse sells costumes and accessories May 3 A customer purchases 55 costumes at a sales price of $30 per costume. The cost to Costume Warehouse per costume is $19. The terms of the sale are 3/15, 1/60, with an invoice date of May 3 May 10 The customer who made the May 3 purchase returns 5 of the costumes to the store for a full refund, claiming they were the wrong size. The costumes were returned to Costume Warehouse's inventory at $19 per costume. May 16 The customer pays in full for the remaining costumes, less the return Assume the perpetual and periodic methods are used. A. Review the above transactions and prepare the journal entries If Costume Warehouse uses the perpetual inventory system. If an amount box does not require an entry, leave it blank May 3 Sales Accounts Receivable Sales May 3 Cost of sale Cost of Goods Sold Merchandise Inventory May 10 Sales retur Sales Returns and Allowances Accounts Receivable May 10 Merchandise to inventory Merchandise Inventory Cost of Goods Sold May 16 Accounts Receivable Cash Sales Discount 3. Review the above transactions and prepare the journal entries if Costume Warehouse uses the periodic inventory system. If an amount box does not require an entry, leave it bank. May 3 May 10 May 16