Required information Skip to question [The following information applies to the questions displayed below.] Reyes Books, is a student co-op. Reyes Books uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $171,670). $ 313,500 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $656). 1,690 c. Sold merchandise (costing $10,260) to a customer on account with terms n/30. 22,800 d. Collected half of the balance owed by the customer in (c). 11,400 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,380 f. Anticipate further returns of merchandise (costing $228) after month-end from sales made during the month. 840 Prepare journal entries to record transactions (a) to (f). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)