sold was $$11,200.$ On December $31,20Y3,$ Silverman prepared its adjusting entries, yearly financial statements, and closing entries. On January $3,20$Y$4,$ Silverman Enterprises issued Beasley Co$.$ a credit memo for returned merchandise. The invoice amount of the returned merchandise was $$4,000$ and the merchandise originally cost Silverman Enterprises $$2,350.$

a$.$ Journalize the entries by Silverman Enterprises to record the December $28,20$Y$3,$ sale. If an amount box does not require an entry, leave it blank.

$20$ Y$3$ Dec. $28$ Accounts Receivable$-$Beasley Co$.$

$20$ Y$3$ Dec. $28$

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Record the credit sale as well as the cost of the merchandise sold.

b$.$ Journalize the entries by Silverman Enterprises to record the merchandise returned by Beasley Co$.$ on January $3,20$Y$4.$ If an amount box does not require an entry, leave it blank.

$20Y4$ Jan. $3$ Customer Refunds Payable

Dreniunte Roroivahlo$-$Roacloven