Required information CP6-3 (Algo) Recording Cash Sales, Credit Sales, Estimated and Actual Sales Returns, and Sales Allowances, and Analyzing Gross Profit Percentage [LO 6-4, LO 6-6) (The following Information applies to the questions displayed below) Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: 3. Sold merchandise for cash (cost of merchandise $177,270). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash $ 324,500 refund (original cost of merchandise $672). 1,630 5. Sold merchandise (costing $10,620) to a customer on account with terms n/30. 23,600 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 11,800 1. Anticipate further returns of merchandise (costing $236) after month-end from sales made during 1,460 the month. 880 CP6-3 (Algo) Part 3 3. Prepare journal entries to record transactions (a) to (6. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.)