Sales-Related Transactions Reading List Showcase Co., a furniture wholesaler sells merchandise to Balboa Co. on account, 5254,500, terms /30. The cost of the merchandise old is $152,700 Showcase Co. Issues a credit memo for $30,000 as a price adjustment prior to Balboa Copaying the original invoice a. Journalize Showcase Co.'s entries for (1) the sale, including (2) the cost of the merchandise soid. 18 an amount box does not require an entry, tervet blank. (1) Merchandise Inventory Accounts Receivable-Balboa Co. (2) Merchandise Inventory Merchandise Inventory b. Journalide Showcase Co's entry for the credit memo. If an amount box does not require an entry, leave it blunk. c. Journalize Showcase Co.'s entry for the receipt of the check for the amount due from Balboa Co. If an amount box does not require an entry leaves blank