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Required information The following information applies to the questions displayed below) Handy Howard's incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $ 299,759 Sold merchandise for cash cost of merchandise $164,670). b. Neceived merchandise returned by customers as unsatisfactory (but in perfect conditions for cash refund original cost of merchandise $636) C. Bold merchandise (conting $9,810) to a cuntomer on account with tertan/30. d. Collected halt or the balance owed by the customer in (e) Granted a partial allowance relating to credit sales the customer in (c) had not yet pald. 1. Anticipate further return of merchandise (cooting $218) after month and from ales made during the month 1,730 21,800 10.900 1,280 790 3. Prepare journal entries to ord transactions () to (). (If no entry is required for a transaction/event, select "No Jo Required" in the first account field.) Entry 3. Prepare Journal entries to record transactions (a) to (6. of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Sold merchandise for $299,750 cash. Record the entry, Note: Enter debits before credits General Journal Transaction a(1) Dobit Credit Record entry Clear entry View general Journal 1 Sold merchandise for $299,750 cash. Record the entry. 2 The merchandise sold had a cost of $164,670. Record the entry. 3 Received merchandise returned by customers as unsatisfactory (but in perfect condition) for $1,730 cash refund. Record the entry. 4 The merchandise returned had a cost of $636. Record the entry. 5 Sold merchandise to a customer for $21,800 on account with terms n/30. Record the entry. 6 The merchandise sold had a cost of $9,810. Record the Note AL

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