Hi guys,

please kindly help me to solve this question :

Its one question with all the following.

Recording Sales with Discounts and Returns and Analyzing Gross Profit Percentage [LO 6-6, LO 6-7] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected from 2013: Sold merchandise for cash (cost of merchandise $22,797). $39,200 Received merchandise returned by customers as unsatisfactory (but in perfect 450 condition), for cash refund (original cost of merchandise $270). Sold merchandise (costing $4,038) to a customer, on account with terms 2/10, n/30. 8,500 Collected half of the balance owed by the customer in (c) within the discount period. 4,165 Granted an allowance to the customer in (c). 136 Required: Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. 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.) Hair World is considering a contract to sell merchandise to a hair salon chain for $13,500. This Hair World is considering a contract to sell merchandise to a hair salon chain for 313,500. This merchandise will cost Hair World $9,280. What would be the increase (or decrease) Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) Recording Sales with Discounts and Returns and Analyzing Gross Profit Percentage [LO 6-6, LO 6-7] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected from 2013: Sold merchandise for cash (cost of merchandise $22,797). $39,200 Received merchandise returned by customers as unsatisfactory (but in perfect 450 condition), for cash refund (original cost of merchandise $270). Sold merchandise (costing $4,038) to a customer, on account with terms 2/10, n/30. 8,500 Collected half of the balance owed by the customer in (c) within the discount period. 4,165 Granted an allowance to the customer in (c). 136 Required: Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. 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.) Hair World is considering a contract to sell merchandise to a hair salon chain for $13,500. This Hair World is considering a contract to sell merchandise to a hair salon chain for 313,500. This merchandise will cost Hair World $9,280. What would be the increase (or decrease) Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.)