20x1 March 1 - Sold merchandise on account to Mossy, Inc., for $28,000, terms 2/10, n/30. The cost of the merchandise sold was $19,600. March 6 - Mossy, Inc., returned merchandise worth $3,000. The return merchandise had cost $2,100. March 9 - Received payment in full.

Instructions: 1. Prepare journal entries to record the following transactions entered by the Adler Company. Adler use perpetual inventory systems. 2. Show calculations for: amount of cash discount, and final balance due.