Fi. Newell Company completed the following transactions in October: Credit Sales Sales Returns Date of Date Amount Terms Date Amount Collection $ 900 Oct. 3 2/10, n/30 Oct. 8. Oct. 14 $ 200 Oct. 11 1,200 3/10, n/30 Oct. 16 Oct. 17 5,000 1/10, n/30 Oct. 20 1,000 Oct. 29 Oct. 23 Oct. 21 2/10, n/60 1,700 200 Oct. 27 2/10, n/30 Oct. 27 Oct. 28 2,000 300 Oct. 23 Instructions Indicate the cash received for each collection. Show your calculations. (10%) (a) Prepare the journal entry for the following transactions: (b) Oct. 17 sale. The merchandise sold had a cost of $3,500. (2%) (1) Oct. 23 sales return. The merchandise returned had a cost of $140. (2%) (2) Oct. 28 collection. (2%) (3) Newell uses a perpetual inventory system. Coroach of the indenendent events listed below, analyze the impact on the indicated items at the e