Skyler's friend Justice works at a Sam's Sporting Goods. Justice is a manager and has the authority to approve returns and allowances.

Justice tells Skyler to purchase a pair of his favorite sneakers and then come back the next day and show that the shoes were damaged. Justice states that he will just approve the allowance and refund the cash to Skyler, while Skyler can keep the shoes.

Prepare the journal entry(les) (using XX's in the amounts) that the Sam's Sporting Goods would prepare when the sneakers are sold to Skyler for cash.

(To record cost of merchandise sold) Prepare the journal entry (using XX's in the amounts) that Sarn's Sporting Goods would prepare to record the allowance. (Credit account titles are automatically indented when amountis entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the omounts.) Skyler's friend Justice works at a Sam's Sporting Goods, Justice is a manager and has the authority to approve returns and allowances. Justice tells Skyler to purchase a pair of his favorite sneakers and then come back the next day and show that the shoes were damaged. Justice states that he will just approve the allowance and refund the cash to Skyler, while Skyler can keep the shoes. Your answer is partially correct. Prepare the journal entry(ies) (using XX's in the amounts) that the Sam's Sporting Goods would prepare when the sneakers are sold to Skyler for cash. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry ls required, select "No Entry" for the occount titles and enter O for the amounis.)