On march 1, showcase co., a furniture wholesaler, sells merchandise to balboa co. on account, $259,040, terms n/30. the cost of the merchandise sold is $152,710. on march 5, showcase co. issues a credit memo for $31,930 for merchandise returned prior to balboa co. paying the original invoice on march 29. the cost of the merchandise returned is $16,530. journalize balboa co.’s entries for (a) the purchase, (b) the return of the merchandise for credit, and (c) the payment of the invoice. refer to the chart of accounts for exact wording of account titles.

Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.