er 6 HW-Day 6 of 4 Required information (The following information applies to the questions displayed below.) Larry's Building Supplies (LBS) is a local hardware store. LBS uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: 59 a. Sold merchandise for cash (cost of merchandise $281,350). b. Received merchandise returned by customers as unsatisfactory $605,000 (but in perfect condition) for cash refund (original cost of merchandise $3,300). 5, 100 c. Sold merchandise (costing $6,360) to a customer on account with terms n/30. 10,600 d. Collected half of the balance owed by the customer in (c). 5,300 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,650 3. Prepare journal entries to record transactions (a)-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet