Hi,

can you please help me with this?

a.	Sold merchandise for cash (cost of merchandise $20,797).	$35,200
b.	Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $240).	400
c.	Sold merchandise (costing $3,800) to a customer, on account with terms 2/10, n/30.	8,000
d.	Collected half of the balance owed by the customer in (c) within the discount period.	3,920
e.	Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid	128

Required:

1.

Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. 2)Prepare journal entries to record transactions Record the cash sales of $35,200. Record the cost of goods sold of $20,797. Record the return by a customer of unsatisfactory merchandise that was in perfect condition. A cash refund of $400 was given to the customer. Record the merchandise returned by the customer back into inventory. The original cost of the merchandise was $240. Record the sales on account of $8,000 on terms 2/10, n/30. Record the cost of goods sold of $3,800. Record the collection of half of the balance of $3,920 owed by the customer within the discount period. Record the allowance of $128 granted to the customer.