Required information [The following information applies to the questions displayed below] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $18,797) b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) $31,200 for cash refund (original cost of merchandise $210. c. Sold merchandise (costing $3,563 to a customer on account with terms n/60. 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 350 7,500 3,750 paid 120 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.)