Required information [The following information applies to the questions displayed below] Chander Bookstore, is a student co-op. Chander Bookstore uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (eost of merchandise $157,670 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $616 ). c. Sold merchandise (costing $9,360 ) to a eustomer on account with terma n/30. d. Collected half of the balance owed by the custoner in (c). e. Granted a partial allowance relating to credit sales the custoger in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $20s ) after month-end from sales made during the month. Prepare journal entries to record transactions (a) to ( h. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 34567 Sold merchandise for $286,000 cash. Record the entry. Note: Enter debits before credits