5-161 The Gordon Company completed the following transactions in October: Gordon uses a perpetual inventory system. Treat each item below as a seperate trasaction from the others. Pay close attention to the dates - 10/3 sale of $800 with terms of 2/10, n/30, payment received on 10/13. - 10/11 sale of $1200 with terms of 3/10, n/30, sales return of $500 on 10/14, payment on 10/16. - 10/17 sale of $4500 with terms of 1/10, n/30, sales return of $1000 on 10/20, payment on 10/29. - 10/21 sale of $1700 with terms of 2/10, n/60, sales return of $400 on 10/23, payment on 10/27. - 10/23 sale of $3800 with terms of 2/10, n/30, sales return of $400 on 10/27, payment on 10/28. (a) Indicate the amount cash received for each collection. Show your calculations if necessary.. (b) Prepare the journal entry for the two transactions above: (1) Oct. 17 . The merchandise sold had a cost of $3500. (2) Oct. 23 . The merchandise returned had a cost of $200.