I'm Your Lyon $ 299,750 Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. sold merchandise for cash (cost of merchandise $154,670). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $636). c. sold merchandise (costing $9,810) to a customer on account with terms n/30. d. collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $218) after month-end from sales made during the 1,730 21,800 10,980 1,280 month. 790 3. Prepare journal entries to record transactions (a) to (6. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Answer is not complete. General Journal No Transaction Debit Credit 1 a(1) Cash 29.950 Inventory 299,750 NI a(2) 164,670 Cost of Goods Sold Inventory 164,670 3 b(1) 1,730 Sales Returns and Allowances Cash 1,730 4 b(2) 636 Inventory Cost of Goods Sold 636 5 c(1) 21,800 Accounts Receivable Inventory 21,800 6 C(2) 9.810 Cost of Goods Sold Inventory 9,810 7 d Cash 10.900 Accounts Receivable 10,900