(IMPORTANT!) ANSWER CHOICES ARE:

• No Journal Entry Required
• Accounts Payable
• Accounts Receivable
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• Accumulated DepreciationEquipment
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• Supplies
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• Travel Expense
• Treasury Stock
• Unemployment Tax Payable
• Utilities Expense
• Vehicles
• Withheld Income Taxes Payable

Required information [The following information applies to the questions displayed below.] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $23,200 a. Sold merchandise for cash (cost of merchandise $14,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $150 ). c. Sold merchandise (costing $3,088 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 250 6,500 3,250 104 3. Prepare journal entries to record transactions (a)-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet N Record the cost of goods sold of $14,797. Note: Enter debits before credits. General Journal Debit Credit Transaction a(2) Journal entry worksheet Record the sales on account of $6,500 on terms n/60. Note: Enter debits before credits. General Journal Debit Credit Transaction c(1) Journal entry worksheet w Record the collection of half of the balance of $3,250 owed by the customer within the discount period. Note: Enter debits before credits. Transaction General Journal Debit Credit d Journal entry worksheet