sales-related transactions showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $63,3000

Sales Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co, on account, 563,300, terms 30. The cost of the merchandise sold is $38,000. Showcase Co. issues a credit memo for 512,700 for merchandise returned prior to Balboa Copaying the original invoice. The cost of the merchandise returned is $7,600 a. Journalize Showcase Co's entries for (1) the sale, including (2) the cost of the merchandise sold ni v able Balboa co 61,100 63.300 Basic Calculator (2) Cost of Merchandise Sold Merchandise Inventory b. Journalize Showcase Co's entries to the credit memo, including (2) the cost of the returned merchandise Journalie Showcase Cais entry for the receipt of the check for the amount due from boa co Previous Next >