Sales-related transactions Chart of Accounts On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/ paying the original invoice on March 29. The cost of the merchandise returned is $17,s00 ournalize Showcase Co.'s entries 30. The is $152,700. Showcase Co. issues a credit memo on March 5 for $30,000 for merchandise returned prior to Balboa Co. for (a) the sale, including the cost of the merchandise sold, (b) the credit memo, inctuding the cost of the (c) the receipt of the check for the amount due from Balboa Co. Refer to the Chart of Accounts for exact wording of retu account titles