The following information is about a Trading retailors of an organization. Write journal entries under perpetual inventory system.

January 1st Sold OMR 200,000 of merchandise on credit (Cost OMR 85,000), with terms 1/20, n/30 and invoice dated January 1st.

January 13th the customer returned OMR 25000 worth of slightly demanded merchandise to the retailer and received a full refund. The retailer returned the merchandise to its inventory at a cost of OMR 10,000.

January 15th the customer discovered some merchandise was the wrong color and received an allowance from the retailer of OMR 8,000

January 18th The customer paid the account in full, less the return and allowance.