Purchase$-$related transactions

Showcase Co$.,$ a furniture wholesaler, sells merchandise to Balboa Co$.$ on account, $$254,500,$ terms $\frac{n}{30}.$ The cost of the goods sold is $$152,700.$ Showcase Co$.$

issues a credit memo for $$30,000$ for merchandise returned prior to Balboa Co$.$ paying the original invoice. The cost of the merchandise returned is $$17,500.$

a$.$ Journalize Balboa Co$.\text{'}$s entry for the purchase. If an amount box does not require an entry, leave it blank.

b$.$ Journalize Balboa Co$.\text{'}$s entry for the return of the merchandise for credit. If an amount box does not require an entry, leave it blank.

c$.$ Journalize Balboa Co$.\text{'}$s entry for the payment of the invoice. If an amount box does not require an entry, leave it blank.