23. Prepare journal entries to record each of the following transactions of a merchandising company. Mar 5 Mark Purchased 500 units of product from April for $25 per unit. These merchandise cost April $15 each. Terms of the sale are 2/10, n/60; the invoice is dated March 5. Returned 50 defective units from the March 5 purchase. Mar 7 Mar 15 Paid the amount due from the March 5 purchase, less the return on March 7. a) Prepare the journal entries for Mark and April April Mark March 5th March 5th March 7th March 7th March 15th March 15th