Question: Need help with the journal entry worksheet. Required Information (The following information applies to the questions displayed below.) Hair World Inc. is a wholesaler of

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: $87,200 a. Sold merchandise for cash (cost of merchandise $46,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $60) c. Sold merchandise (costing $9.025 ) to a customer on account with term n/60. d. Collected half of the balance owed by the customer in (e). e. Granted a partial allowance relating to credit sales the customer in (e) had not yet paid. 1,050 19,000 9.500 304 3. Prepare Journal entries to record transactions (0)-(e), (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Record the cash sales of $87,200. Note: Enter debits before credits. General Journal Debit Credit Transaction a(1)
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