Flo Edit View History E connect ACCOUNTING ne 2: Ch 6 Assignment Questions 11-14 (of 14) (The following information applies to the questions displayed below] Campus Stop, Inc., Is a student co-op. Campus ransactions (summartzed) have been selected for analysls: a. Sold merchandise for cash (cost of merchandise $141,870 b. Recelved merchandise returned by customers as unsatisfactory (but in perfect condition) condition) $253000 for cash refund (original cost of merchandise $650) c Sold merchandise (costing $4,500) to a customer on account with terms 2o, n/3o 1,600 10,000 4,900 1600 haif of the balance owed by the customer in (c) within the discount period. e. Granted a partial allowance relating to credit sales thet the customer in (c) had not yet pald 11 100 points Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop (Professor B Tip: Try to do the journal entries at requirement 3 of this problem first!) 1. 4