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[The following information applies to the questions displayed below] Campus Stop, Inc. is a student co-op. Campus Stop uses a perpetual Inventory system. The following

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[The following information applies to the questions displayed below] Campus Stop, Inc. is a student co-op. Campus Stop uses a perpetual Inventory system. The following transactions (summarized have been selected for analysis: $ 297, Bee a. Sold merchandise for cash (cost of merchandise $162,270) D. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $950) C. Sold merchandise (costing $13,500) to a customer on account with teres d. Collected half of the balance owed by the custoner in (c) e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1.zsa 32.ee 15.889 2, Bee CP6-3 Part 3 3. Prepare journal entries to record transactions (a)-le. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) V ector Journal entry worksheet Record the cash sales of $297.000. on Enter cebits setore credits Transaction General Journal Debit e. (If no entry is required fo 3. Prepare Journal entries to record transactions (a Required in the first account field.) View transaction list Record the cash sales of $297.000. 2 Record the cost of goods sold of $162,270. 3 Record the return by a customer of unsatisfactory merchandise that was in perfect condition. A cash refund of s1.750 was given to the customer Credit Record the merchandise returned by the customer back into inventory. The original cost of the merchandise was $950. 5 Record the sales on account of $30,000 on terms 1/30. 6 Record the cost of goods sold of $13.500. ate = inuna entry has heen entered merchandise that was in perfect condition. A cash refund of $1,750 was given to the customer. Record the merchandise returned by the customer back into inventory. The original cost of the merchandise was $950. s Record the sales on account of $30,000 on terms n/30. & Record the cost of goods sold of $13,500. Credit Record the collection of half of the balance of $15,000 Owed by the customer within the discount period. Record the allowance of $2,000 granted to the customer

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