Required information [The following information applies to the questions displayed below.] Foster Supplies is a wholesaler of hair supplies. Foster Supplies uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $34,917). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $390). c. Sold merchandise (costing $9,595) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). $ 62,080 420 20,200 10,100 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 194 f. Anticipate further returns of merchandise (costing $310) after year-end from sales made during the year. 430 3. Prepare journal entries to record transactions (a)-(f. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)