Journal entries? a. Sold merchandise for cash (cost of merchandise $28, 797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost...

Extracted text: Journal entries? a. Sold merchandise for cash (cost of merchandise $28, 797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $220). c. Sold merchandise (costing $4,75e) 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. f. Anticipate further returns of merchandise (costing $140) after year-end from sales made during the year. $ 51, 200 250 10, 000 5,000 160 350