Sales-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $44,200, terms n/30. The cost of the merchandise sold is $26,500. Showcase Co. issues a credit memo for $8,800 as a price adjustment prior to Balboa Co. paying the original invoice. a. Journalize Showcase Co.'s entries for (1) the sale, including (2) the cost of the merchandise sold. If an amount box does not require an entry, leave it blank. (1) Merchandise Inventory 44,200 (2) 26,500 44,200 26,500 b. Journalize Showcase Co.'s entry for the credit memo. If an amount box does not require an entry, leave it blank. 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, leave it blank.