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ttps/ r 6 Graded Homework Journal entry worksheet Record the collection of half of the balance of $5,500 owed by the customer within the discount period. 55:22 Note: Enter debits before credits ash 11.000 Discount on Bonds Payable nces Accounts Recelvable 11.000 Record entry Clear entry nything html omework Help 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: SSs, 200 a. Sold merchandise for cash (cost of merchandise 538,797) b. Received merchandise returned by custoners as unsatisfactory (but in perfect condition) for cash 658 refund (original cost of merchandise $390) c. Sold merchandise (cost ing $5,225 ) to a customer on account with teres n/6e. d. Collected half of the balance owed by the customer in (c) e. Granted a partial allowance relating to credit sales the custoner in (c) had not yet paid. 11,ee0 5,5ee 176 Prepare journal entries to record transactions (a-(e). (If no entry is required for a transaction/event, pelect "No Journal En Required" in the first account field.) General Journal DebitCredit Prex34of 6 Next> nect t er 6 Graded Homework Help Record the collection of halt of the balance of $5,500 owed by the customer within the discount period Note: Enter debits before credits Record enty Clear entry hew general journal C Pe 34 of to 5 6 7 8 9

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