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1. to 3. Prepare the journal entries to record the sale on February 1, goods returned on February 9, and cash collected on March 2. 4. Calculate the gross profit percentage for the sale to Sarah's Cycles. Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the sale on February 1, goods returned on february 9, and cash collected on March 2 . (If no entry is required for a transactionvevert, seiect "No Joumar Entry Required" in the first account field.) Journal entry worksheet (1) 2 5 Record the cost of the sales returned of $155. Hote treer debta before orrdes Arquired 4. Calculate the gross proht percentage for the saie to Sarahis Cycles Complete this quevilen by entering your anwers in the tabs below. Journal entry worksheet Required: 1. to 3. Prepare the journal entries to record the sole on February 1, goods retumed on February 9, and cash collected on Mareh 2. 4. Calculate the gross profit percentage for the sale to Sarah's Cycles. Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the sale on February 1, goods retumed on February 9, and cash collected on March 2. (If no entry is recuired for a transactoon/event, select "No Joumal Entry liequired" in the first account fied.) Journal entry worksheet (1) 2 5 Recond the sales retumed of 1250 . 1. to 3. Prepare the journal entries io recoed the sale on February 1, goods retumed on February 9 , and cash colected on March 2. 4. Calculate the gross profit percentage for the sale to Sarahs Cycles. Complete this question by entering your answers in the tabs below. Journal entry worksheet Cycle Whotwaling soid inerchandise on account, whth teems w60, to Sacah's Cydes on February 1 for $1,000 icost of goods sold of $620 ). On February 9 Sarahs Cyeles retumed to Cycle Wholesaling one-guarter of the merchandise from february t kost of gocds retumed was \$155). Cycle Wholosaling uses a perpetaal imventory system, and it allows retarns only within 15 days of initial sale Pequired: 1. to 3. Prepece the journol entries to record the sale on Fobruary 1 goods returned an Febriary 9 , and cash collected on March 2 4. Calculate the gross profia percentage for the sale to Sarahs Cycles. Complete this quention by entering your anwwers in the tabs below. Prepare be joumel entres to recond the sain on february 1 , goods refumed on fetruary 9 , and cash collected on Merch 2 . (I) no entry is

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