[The following information applies to the questions displayed below.]

Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a.	Sold merchandise for cash (cost of merchandise $10,797).	$15,200
b.	Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $90).	150
c.	Sold merchandise (costing $2,613) to a customer, on account with terms 2/10, n/30.	5,500
d.	Collected half of the balance owed by the customer in (c) within the discount period.	2,695
e.	Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid	88

Required:
1.	Compute Sales Revenue, Net Sales, and Gross Profit for Hair World.

Sales Revenue
Net Sales
Gross Profit

2.	Compute the gross profit percentage. (Round your answer to 1 decimal place.)

Gross Profit Percentage

%

3.

Prepare journal entries to record transactions (a)(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

a1) Record the cash sales of $15,200. a2) Record the cost of goods sold of $10,797. b1) Record the return by a customer of unsatisfactory merchandise that was in perfect condition. A cash refund of $150 was given to the customer. b2) Record the merchandise returned by the customer back into inventory. The original cost of the merchandise was $90. c1) Record the sales on account of $5,500 on terms 2/10, n/30. c2) Record the cost of goods sold of $2,613. d) Record the collection of half of the balance of $2,695 owed by the customer within the discount period. e) Record the allowance of $88 granted to the customer.