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Sales-related transactions Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $58,000. a. Journalize Sayers' entries to record the sale. Accounts Recelvable 80,000 Sales 80,000 80,000 Cost of Goods Sold 58,000 Inventory 58,000 b. Journalize the receipt of payment within the discount period. Cash C. Journalize the entry to record the receipt of payment beyond the discount period of ten days. Show Me How calculator Pro Sales-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms 1/30. 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 invoice. The cost of the merchandise returned is $17.500. a. Journalize Showcase Co's entries for (1) the sale, including (2) the cost of the goods sold . Journalize Showcase Cosentries for (1) the credit memo, including (2) the cost of the returned merchandise c. Journalize Showcase Co's entry for the receipt of the check for the amount due from Balboa Co