Newell Company completed the following transactions in October:Credit SalesSales ReturnsDate Oct.Oct.Oct.Oct.Oct$\mathrm{.}311172123$Amount$ $6001,2005,0001,4001,800$Terms$2/10,/303/10,$ n$/301/10,$ n$/302/10,$ n$/602/10,$ n$/30$DateAmountOct. $14$Oct. $20$Oct. $23$Oct. $27$$$4001,000200400$Instructions $($a$)$Indicate the cash received for each collection. Show your calculations.$($b$)$Prepare the journal entry for theOct. $17$ sale. The merchandise sold had a cost of $$3,500.$Oct. $23$ sales return. The merchandise returned had a cost of $$140.$Oct. $28$ collection.Newell uses a perpetual inventory system.$(10$p$)$Date ofCollectionOct$\mathrm{.}8$Oct. $16$Oct. $29$Oct. $27$Oct. $28$