Sales-related transactions After the amount due on a sale of $30,500, terms n/eom, is received from a customer, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is $18,300. a. What is the amount of the refund owed to the customer? Fectback Check My Work (a) The amount of the refund will be the merchandise returned less the discount. b. Journalize the entries made by the seller to record the return and the refund. If an amount box does not require an entry, leave it blank. Feedback Check My Work (b) Two entries are needed: one for the sales component, discount, and payment and one for the cost of the inventory sold and return of the merchandise to inventory