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please help!! Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $40,100, terms n/a0. The cost of the merchandise sofd is 524,100.

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Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $40,100, terms n/a0. The cost of the merchandise sofd is 524,100. Showcase Co. Issues a crecit themo for $8,000 as a scice adjustment prior to Balboa Co, paying the original imvoice. a. Joumalize Showcase Cois entries for (1) the sale, including (2) the cost of the merchandise sold, if an amount box does not require an entry, leave it blank. b. Journalize Showicase Co.'s entry for the credit mempo. If an mmount box does not require an entry, leave it blank C. Journalize Showcase co.'s entry for the recelpt of the chock for the amount due from Babou Co. If an amount bax does not require an entry, leave if Blank. Beginning inventory, purchases, and sales for Item HM46 are as follows: Assuming a perpetual inventory system and using the last-in, first-out (LFO) method, determine (a) the cost of merchandise sold on January 21 and (b) the imventory on January 31

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