On July $2,2024,$ Tamarisk Company sold to Sue Black merchandise having a sales price of $$12,300($cost $$7,380)$ with terms of $\frac{2}{10.}\frac{n}{30}.$ f$.$o$.$b$.$ shipping point. Tamarisk estimates that merchandise with a sales value of $$660$ will be returned. An invoice totaling $$140,$ terms $\frac{n}{30},$ was received by Black on July $6$ from Pacific Delivery Service for the freight cost. Upon receipt of the goods, on July $3,$ Black notified Tamarisk that $$400$ of merchandise contained flaws. The same day, Tamarisk issued a credit memo covering the defective merchandise and returned it at Tamarisk's expense. Tamarisk estimates the returned items to have a fair value of $$160.$ The freight cost of $$20$ on the returned merchandise was paid by Tamarisk on July $7.$ On July $12,$ the company received a check for the balance due from Black.

Instructions

$($a$)$

Prepare journal entries for Tamarisk Company to record all the events noted above assuming sales and receivables are recorded at gross selling price.

$($b$)$ Prepare the journal entry assuming that Sue Black did not remit payment until August $5.$