CP6-3 Recording Cash Sales, Credit Sales, Sales Discounts, Sales Returns, and Sales Allowances and Analyzing Gross Profit Percentage [LO 6-4, LO 6-5 [The following information applies to the questions displayed below] Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $288,200 a. Sold merchandise for cash (cost of merchandise $158190). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $890), c,Sold merchandise (costing $11,700) to a customer on account with terms 2/10, n/30 d. Collected half of the balance owed by the customer in wthin the discount period. e. Granted a pertial allowance relating to credit sales that the customer in (c) had not yet 1,690 26,000 12,740 1,920 paid