Pansak Corporation sold morchandise to Bolvillo Corporation on account for $168.000 with credit ferms n30 and refuams are estratod at 134 . The cost af the merchandise sold was $84,000. Belvile relumed $28,000 worth of merchandiso and peid its account in full. The returned goods were retumod lo invontory Both cormpanies use a perpetuan inventory system. Prepare the journal entres that Ransak Corporstion made to record the 1 sate of merchandise 2. rotim at merchandise 3. colloction on acoount