Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms /30. The cost of the goods sold is $152,700. Showcase issues a credit memo for $30,000 for merchandise returned prior to Balboa paying the original invoice. The cost of the merchandise returned is $17,500. a. Journalize Balboa Co's entry for the purchase, b. Journalize Balboa Coi's entry for the return of the merchandise for credit C c. Journalize Balboa Co's entry for the payment of the invoice