Ransak Corporation sold merchandise to Belville Corporation on account for $178,000 with credit terms 2/10, 1/30 on February 19, 2021. The cost of the merchandise sold was $86,000. Belville returned 15% worth of merchandise on February 22, 2021 and paid its account in full within 7 days. The retumed goods were returned to inventory. Both companies use a perpetual inventory system and follow ASPE. Required: Prepare the joumal entries that Ransak Corporation made to record the 1. sale of merchandise 2. return of merchandise 3. collection on account