Please help me with this homework problem and give answers to each part of the question

Required information [The following information applies to the questions displayed below] Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $154,87). b. Received nerchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of nerchandise \$608). c. Sold nerchandise (costing $9,180) to a customer on account with teres n/30. d. collected half of the bolance oved by the custoner in (c). e. Granted a partiol allowance relating to credit sales the custoner in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $204 ) after month-end from sales nade during the month. Required: 1. Compute Net Sales and Gross Profit for Handy Howard. Required information [The following information applies to the questions displayed below] Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $154,876 ). b. Received nerchandise returned by custoens as unsatisfactory (but in perfect coridition) for cash refund (original cost of merchandise $608 ). c. Sold merchandise (costing $9,180 ) to a customer on account with terms n/39. d. Collected half of the balance owid by the customer in (c). e. Granted a partial allowance relating to credit sales the custoner in (c) had not yet paid. f. Anticipate furthen roturns of merchandise (costing $204 ) after montb-end from sales aade during the month. 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) (8) Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below.] Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $154,870 ). b. Received merchandise returned by custoners as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise S6es). c. Sold merchandise (costing $9,189 ) to a customer on account with teras n/30. 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. f. Anticipate further returns of merchandise (costing 5204) after month-end from sales nade during the month. 3. Prepare journal entries to record transactions (a) to (h). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required information [The following information applies to the questions displayed below.] Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of aerchandise $154,878 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $6e8 ). c. Sold nerchandise (costing $9,180 ) to a custoner on account with teras n/30. d. Collected half of the balance owed by the custoner in (c). e. Granted a partial allowance relatind to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $204 ) after month-end from sales made during the month. 4. Handy Howard is considering a contract to sell merchandise to a Handy Howard organization for $15,400. This merchandise will cost Handy Howard \$12,320. Would this contract increase (or decrease) Handy Howard dollars of gross profit and its gross profit percentage? TIP: The impact on gross profit dollars may differ from the impact on gross profit percentage. (Round "Gross Profit Percentage" to 1 decimal place.)