On March 1, Showcase Co., a furniture wholesaler, sellsmerchandise to Balboa Co. on account, $252,050, terms n/30. Thecost of the merchandise sold is $155,940. Showcase Co. issues acredit memo on M CHART OF ACCOUNTS Showcase Co. General Ledger ASSETS 110 Cash 121 Accounts Receivable-Balboa Co. 125 Notes Receivable 130 Merchandise Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 2 answers