Requlred Information [The following information applies to the questions displayed below.] Hair World Incorporated 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 $28,797 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise \$220). c. Sold merchandise (costing $4,750 ) 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 paid. f. Anticipate further returns of merchandise (costing \$149) after year-end from sales made during the year. $51,200 250 10,000 5,000 169 350 $51,20 258 10,06 5,006 160 350 3. Prepare journal entries to record transactions (a)-(f). (If no entry ls requlred for a transoction/event, select "No Journal Entry Requlred" In the flrst occount fleld.) Journal entry worksheet Note: Enter aebits berore creaics