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 $159,070).	$ 288,750
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $620).	1,670
c. Sold merchandise (costing $9,450) to a customer on account with terms n/30.	21,000
d. Collected half of the balance owed by the customer in (c).	10,500
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid.	1,200
f. Anticipate further returns of merchandise (costing $210) after month-end from sales made during the month.	750

3. Prepare journal entries to record transactions (a) to (f)

a-1 Sold merchandise for $288,750 cash.

a-2 The merchandise sold had a cost of $159,070.

b-1 Received merchandise returned by customers as unsatisfactory (but in perfect condition) for $1,670 cash refund.

b-2 The merchandise returned had a cost of $620

c-1 Sold merchandise to a customer for $21,000 on account with terms n/30.

c-2 The merchandise sold had a cost of $9,450.

d- Collected half of the $21,000 balance owed by the customer in transaction c.

e- Granted a partial $1,200 allowance relating to credit sales the customer in transaction c had not yet paid. Record the entry.

f1- Anticipate further returns of merchandise after year-end from $750 sales made during the year.

f2-The anticipated merchandise returns have a cost of $210