Showcase Co , a furniture wholesaler, sells merchandise to Balboa Co on account, $61,800, terms n 30 The cost of the merchandise sold is $37,100 Showcase Co issues a credit memo for $12,400 as a price adjustment prior to Balboa Co paying the original invoice Question Content Area 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) Accounts Payable Balboa Co Accounts Receivable Balboa Co CashMerchandise InventorySales Select Select Accounts Receivable Balboa Co CashMerchandise InventorySalesSales Discounts Select Select (2) Accounts Receivable Balboa Co Cost of Merchandise SoldDelivery ExpenseMerchandise InventorySales Discounts Select Select Accounts Receivable Balboa Co Cost of Merchandise SoldDelivery ExpenseMerchandise InventorySales Discounts Select Select Question Content Area b Journalize Showcase Co s entry for the credit memo If an amount box does not require an entry, leave it blank blank Cost of Merchandise SoldCustomer Refunds PayableSalesSales DiscountsSales Returns and Allowances Select Select Accounts Payable Balboa Co Accounts Receivable Balboa Co SalesSales DiscountsSales Returns and Allowances Select Select Question Content Area 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

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Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $61,800, terms n/30. The cost of the merchandise sold is $37,100. Showcase Co.

Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $61,800, terms n/30. The cost of the merchandise sold is $37,100. Showcase Co. issues a credit memo for $12,400 as a price adjustment prior to Balboa Co. paying the original invoice.

Question Content Area

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)	Accounts Payable-Balboa Co.Accounts Receivable-Balboa Co.CashMerchandise InventorySales	- Select -	- Select -
	Accounts Receivable-Balboa Co.CashMerchandise InventorySalesSales Discounts	- Select -	- Select -
(2)	Accounts Receivable-Balboa Co.Cost of Merchandise SoldDelivery ExpenseMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Receivable-Balboa Co.Cost of Merchandise SoldDelivery ExpenseMerchandise InventorySales Discounts	- Select -	- Select -

Question Content Area

b. Journalize Showcase Co.s entry for the credit memo. If an amount box does not require an entry, leave it blank.

blank	Cost of Merchandise SoldCustomer Refunds PayableSalesSales DiscountsSales Returns and Allowances	- Select -	- Select -
	Accounts Payable-Balboa Co.Accounts Receivable-Balboa Co.SalesSales DiscountsSales Returns and Allowances	- Select -	- Select -

Question Content Area

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.