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Sales-Related Transactions Showease Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $47,800,...

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Accounting

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Sales-Related Transactions Showease Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $47,800, terms N/30. The cost of the merchandise sold is $28,700. Showcase Co. issues a credit-memo for $9,600 as a price adjustment prior to Balbos Co. paying the original invoice. a. Journalize Showcase Co.'s entries for (1) the sale, including (2) the cost of the merchandise sold. If an' amount box does not require an entry, leave it biank. b. Journalize Showcase Co.'s entry for the credit memo. If an amount box does not require an entry, leave it blank. c. Journalize showcase Co's entry for the receipt of the check for the amount due from Balboa Co. If an amount box does not require an entry, leave it blank

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