Please answer every part of the question. Thank you!

Cycle Wholesaling sold merchandise on account, wth terms n/60, to Sarah's Cycles on February 1 for $550 (cost of goods sold of $380 ). On February 9, Sarah's Cydes retumed to Cyde Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was \$95). Cycle Wholesaling uses a perpetual irventory system. and it allows returns only within 15 days of Intual sale. Required: 1. to 3. Prepare the journal entres to record the sale on February 1. goods retumed on February 9. and cach collected on March 2 4. Calculate the gross profit percentage for the sale to Sarah's Cycles. Complete this question by entering your answers in the tabs belaw. Prepare the journal entries to record the sale on February 1, goods returned on February 9, and cash collected on March 2 . (If no entry is required for a tansaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record the sales on account of $550 with terms n/60. Nota. Enter debits before credies: Journal entry worksheet 5 Note: Enter deblts before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet