Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa credit memo for $5,900 for merchandise returned prior to Baiboa Co. paying the original invoice. The cost of the merchandise returned is $3,500 a. Journalize Balboa Co.'s entry for the purchase. Co. on account, $34,700, terms n/30. The cost of the merchandise sold is $20,800. Showcase Co. Issues a b. Journalize Balboa Co.'s entry for the return of the merchandise for credit C. Journalize Balboa Co.'s entry for the payment of the invoice. Accounts Payable-Showcase Co Cash Cost of Merchandise Sold Sales Discounts