PLEASE HELP ASAP!!

same options for each 5

Sales-Related Transactions The debits and credits for three related transactions are presented in the following T accounts. Cash Sales (5) 39,200 (1) 41,160 Accounts Receivable Cost of Goods Sold (1) 41,160 1,960 (2) 25,200 (3) (5) 39,200 Inventory (4 ) 25,200 1,200 (2) Estimated Returns Inventory 1,200 Customer Refunds Payable (3) 1,960 Describe each transaction. 1. 2. 3 4. 5. Determining Amounts to be paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period, Merchandise Freight Paid by Seller Returns and Allowances a $800 $16,700 9,800 b. $400 1,200 C FOB destination, n/30 FOB shipping point, 1/10,n/30 FOB shipping point, 1/10, 1/30 FOB shipping point, 2/10, 1/30 FOB destination, 1/10, 1/30 600 6,700 3,100 2,700 d 100 400 e. . b. C. $ QUIJO d. $ Sales-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $64,800, terms 1/30. The cost of the goods sold is $38,900. Showcase issues a credit memo for $13,000 for merchandise returned prior to Balboa paying the original invoice. The cost of the merchandise returned is $7,800. a. Journalize Showcase Co.'s entries for (1) the sale, including (2) the cost of the goods sold. (1) (2) b. Journalize Showcase Co.'s entries for (1) the credit memo, including (2) the cost of the returned merchandise. (2) c. Journalize Showcase Co.'s entry for the receipt of the check for the amount due from Balboa Co. Sales-Related Transactions The debits and credits for three related transactions are presented in the following T accounts. Cash Sales (1) 41,160 Cost of Goods Sold (2) 25,200 1,960 39,200 (5) 39,200 Accounts Receivable (1) 41,160 (3) (5) Inventory (4) 1,200 (2) Estimated Returns Inventory (4) Customer Refunds Payable (3) 1,960 Describe each transaction. 25,200 1,200 1. Updated the inventory account for the cost of the merchandise returned Granted a credit against a customer's accounts receivable for returned merchandise Sold merchandise on account Received the balance due Recorded the cost of the merchandise sold and reduced the inventory account