Instructions

Showcase Co$.,$ a furniture wholesaler, sells merchandise to Balboa Co$.$ on account, $$243,100,$ terms $\frac{n}{30}.$ The cost of the goods sold is $$154,580.$ Showcase Co$.$ issues a credit memo for $$29,980$ for merchandise returned prior to Balboa Co$.$ paying the original invoice. The cost of the merchandise returned is $$16,220.$

Journalize Showcase Co$.\text{'}$s entries for $($a$)$ the sale, including the cost of the goods sold, $($b$)$ the credit memo, including the cost of the returned merchandise, and $($c$)$ the receipt of the check for the amount due from Balboa Co$.$