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Sales-Related Transactions After the amount due on a sale of $29,600, terms 1/10, 1/com, is...

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Sales-Related Transactions After the amount due on a sale of $29,600, terms 1/10, 1/com, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned was $17,760. a. What is the amount of the refund owed to the customer? 29,304 b. Journalize the entries made by the seller to record (a) the refund and (b) the return. 29,304 (a) Sales x Cash 29,304 (1) Merchandise Inventory 29,304 Cashx X

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