JOURNALIZING SALES, SALES RETURNS AND ALLOWANCES, AND CASH RECEIPTS Prepare journal entries for the following transactions. Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10, n/30 cash discount terms. Sold merchandise on account to K. Krtek for $210 plus sales tax of 4%. S.Miller returned merchandise purchased on August 4 for $20 plus Aug. 4 6 10 sales tax for credit. (continued) S. Miller paid the balance due on her account. K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. Aug. 13 15 K. Krtek paid the balance due on his account. 20 3(d): Sales Ret.&Allow. 25 Accts. Rec. 25