Sales

After the amount due on a sale of $ 28000, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $ 16,800.

a. What is the amount of the refund owed to the customer? $ _______

b. Journalize the entries made by the seller to record (a) the refund and ( 2) the return of merchandise.

A. Sales Retirned and Allowances ____

Sales Discounts _____

Cash _____-

B. Merchandise Inventory _______

Cost of Merchandise Sold _____