Required information CP6-3 Recording Cash Sales, Credit Sales, 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) Campus Stop, Inc, is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $264,500 Sola merchandise for cash (cost of merchandise $147, 470) b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $230) c. Sold merchandise (costing $6,750) to customer on account with terms /30. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in () had not yet paid. 1.680 15,000 7,500 1,700 CP6-3 Part 3 3. Prepare journal entries to record transactions (a)-e). (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.)