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7. The Country Pasture & Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general Journal entries. All

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7. The Country Pasture & Co. had the following transactions involving the sale of merchandise. You are to prepare the necessary general Journal entries. All sales are subject to a 5% sales tax (35 points) March 13 Sold merchandise priced at $200 to Jan Ellsworth on account. March 14 Sold merchandise priced at $150 to a cash customer March 15 Sold merchandise priced at $80 to Dana Carter on account. March 16 Sold merchandise priced at $300 to a cash customer March 20 The customer of March 14 returned $20 worth of merchandise for a cash refund. March 25 Received full payment from Dana Carter March 3 1 Paid the amount of sales tax to the state Endel document

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