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: $260,180 a. Sold merchandise for cash (cost of merchandise $145,430). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $700) c. Sold merchandise (costing $5,850) to a customer on account with terms n/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 (c) had not yet paid. 1,650 13,880 6,500 1,660 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.) View transaction list Journal entry worksheet