Newell Company completed the following transactions in October:

________Credit Sales ________ _____________Sales Returns _________

Date Amount. terms. Date Amount Date of collection

Oct. 3 $600. 2/10, n/30. Oct. 8

Oct. 11 1,700. 3/10, n/30. Oct. 14 $400 Oct. 16

Oct. 17. 5,000. 1/10, n/30. Oct. 20 1,000 Oct. 29

Oct. 21 1,400. 2/10, n/60. Oct. 23 200 Oct. 27

Oct. 23 2,300 2/10, n/30. Oct. 27 400 Oct. 28

1. Indicate the cash received for each collection. Show your calculations

Date of Collection

Oct. 8. $___________

Oct. 16. $___________

Oct. 29. $__________

Oct. 27. $__________

Oct. 28. $___________

2. Prepare the journal entry for the following.

a. Oct. 17 sale. The merchandise sold had a cost of $3,500

b. Oct. 23 sales return. The merchandise returned had a cost of $140

c. Oct. 28 collection.