HW 068 with hints ion.com/flow/connect.html https:/ewc with hints0 E6-14 Analyzing and Recording Sales and Gross Profit with Sales Returns (LO 6-4, LO 6-6 Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $550 (cost of goods sold of $375) On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goo tedwes ses5) cyde wholesaling uses eruveorytmdows returns only within t5 days of nebal sale Required 1. to 3. Prepare the journal entry to record the ales, Goods returned on February 9 and Cash collected on March 2 4. Calculate the gross profit percentage for the sale to Sarah's Cycles Complete this question by entering your answers in the tabs below Req 1 to 3Reg4 Prepare the Journal entry to record the sales, Goods returned on February 9 and Cash collected on March 2. (If no entry is required select "No Journal Entry Required" in the first account field.) ist Journal entry worksheet Record the Sales made by Cycle Wholesaling on account, with terms n/60, to Sarah's Cycles on February 1 for $350. Note: Enter debits before credts February 01 Prey 1 o 9 Type here to search