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what would the accounts names be? Required information [The following information applies to the questions displayed below.) Hair World Inc. is a wholesaler of hair

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image text in transcribedwhat would the accounts names be?
Required information [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: $87,200 a. Sold merchandise for cash (cost of merchandise $46,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $630 ). c. Sold merchandise (costing 59,025 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,050 19,000 9,500 3. Prepare journal entries to record transactions (0)-e). (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indica Required information No Transaction General Journal Debit Credit 87,200 Cash Inventory 87 200 Inventory 46,797 Cash 46,797 1,050 Inventory Cash 1,050 Inventory Cash Accounts Payable 19.000 Inventory 19 000 he anything O N

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