[Solved] Newell Company completed the following transactions in October: Instructions (a) Indicate the cash received for each collection. Show your calculations. (b) Prepare the journal entry for the (1) Oct. 17 sale. The merchandise sold had a cost of $3,500. (2) Oct. 23 sales return. The merchandise returned had a cost of $140. (3) Oct. 28 collection. Newell uses a perpetual inventory system. Effective Communication: The process of exchanging information in a way that the intended message is received and understood clearly by all parties involved. Sexually Arousing Material: Content designed to evoke sexual arousal, including pornography. Erotica: A genre of literature or art that deals explicitly with sexually stimulating or arousing subject matter. Degradation: The process by which something is reduced in quality, value, or integrity.