due on a sale of $37700, terms 2/10, n/rom is received from a customer within the discount period customer return the entire shipment for a cash refund, cost of return merchandise $22620, what is owed to the customer

eBook Show Me How Calculator Sales-Related Transactions After the amount due on a sale of $37,700, terms 2/10, n/eom, is received from a customer the entire shipment for a cash refund. The cost of the merchandise returned was $22,620. a. What is the amount of the refund owed to the customer? $ Hx Feedback Check My Work (a) The amount of the refund will be the merchandise returned less the discount. b. Journalize the entries made by the seller to record (a) the refund and (b) the return. (a) Customer Refunds Payable 60.246 X Cash 22,620 X (b) Merchandise Inventory Estimated Returns Inventory Feedback Ched My Work