SombreroCo., a furniture wholesaler,sellsmerchandise to Belarus Co. on account, $64,300, terms 2/10, n/30. Thecost of the merchandise soldis $38,000. Sombrero Co. issues acredit memofor $13,300 for merchandise returned and subsequently receives the amount due within the discount period. The cost of the merchandise returned is $8,000

a. Journalize Sombrero Co.'s entries for (1) the sale, including (2) the cost of the merchandise sold. b. Journalize Sombrero Co.'s entries for (1) thecreditmemo, including (2) the cost of thereturned merchandise.

c. Journalize Sombrero Co.'s entry for the receipt of the check for the amount due fromBelarusCo.

For a compound transaction, if an amount box does not require an entry, leave it blank.

For a compound transaction, if an amount box does not require an entry, leave it blank.