On January 10 Margaret Giger uses her Salizar Co. credit card to purchase merchandise from Salizar Co. for \(\$ 11,000\). On February 10 Giger is billed for the amount due of \(\$ 11,000\). On February 12 Giger pays \(\$ 5,000\) on the balance due. On March 10 Giger is billed for the amount due, including interest at \(2 \%\) per month on the unpaid balance as of February 12.

\section*{Instructions}

Prepare the entries on Salizar Co.'s books related to the transactions that occurred on January 10, February 12, and March 10.