URGENT PLZ HELP!! the image is attached of what is needed! Sales-related transactions...

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Accounting

URGENT PLZ HELP!! the image is attached of what is needed!

Sales $-$ related transactions

Showcase Co $.,$ a furniture wholesaler, sells merchandise to Balboa Co $.$ on account, $ $254, 500,$ terms n $/ 30 .$ The cost of the goods sold is $ $152, 700 .$ Showcase Co $.$

issues a credit memo for $ $30, 000$ for merchandise returned prior to Balboa Co $.$ paying the original invoice. The cost of the merchandise returned is $ $17, 500 .$

a $.$ Journalize Showcase Co $.'$ s entries for $(1)$ the sale, including $(2)$ the cost of the goods sold. If an amount box does not require an entry, leave it blank.

b $.$ Journalize Showcase Co $.'$ s entries for $(1)$ the credit memo, including $(2)$ the cost of the returned merchandise. 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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Lets go through the journal entries step by step a Journalize Showcase Cos entries for 1 the sale including 2 the cost of the goods sold 1 Sale on Account Debit Accounts Receivable 254500 Credit Sales Revenue 254500 This entry records the sale of See Answer

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