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

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

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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