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4 Part 3 of 3 8 points eBook (The following information applies to the questions displayed below.] Ross & Company is a wholesaler of hair supplies. Ross uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $29,877). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $250). c. Sold merchandise (costing $5,605) 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 $170) after year-end from sales made during the year. $ 53,120 280 11,800 5,900 166 290 3. Prepare journal entries to record transactions (a)-(f). (If no entry is required for a transaction/event, select "No Journal Entry 38 5 at field H

[The following information applies to the questions displayed below] Ross \& Company is a wholesaler of hair supplies, Ross uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sotd merchandise for cash (cost of merchandise $29,877 ). b. Received merchandise returned by customers as unsat isfactory (but in perfect condition) for cash refund (original cost of merchandise $250 ). c. Sold merchandise (costing $5,605 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the custoner in (c). e. Granted a partial allowance relating to credit sales the custoner in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $170 ) after year-end fron sales ade during the year. \$33, 22 11,280 5,900 166 me

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