- a. Sold merchandise for cash (cost of merchandise $12,797). $19,200 b. Received?merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $120).
200
c. Sold merchandise (costing $2,850) to a customer, on account with terms 2/10, n/30. 6,000
d. Collected half of the balance owed by the customer in (c) within the discount period. 2,940
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 96