ACME Limited has the following merchandise inventory transactions. The company records all purchase/sales discounts for early payment at the time of payment. Ignoring any sales/excise taxes, prepare the following journal entries during the month of March (11 marks): Mar 2 Sold inventory costing $2,753 to Wulter's Market on credit for $4,963. Terms 1/10 net 30. Mar 8 $806 of the merchandise sold on Mar 2 to Wulter's Market was damaged and not salvageable. They want a credit on account. Mar 15 Purchased inventory costing $8,436 from Faze-On Inc. on credit. Terms 1/10 net 30. Mar 17 Sent a payment to Faze-On Inc. for $7,000 Mar 22 Wulter's Market paid their account, for the full amount Mar 27 ACME Limited discovered that $828 worth of merchandise is defective and returned it to Faze-On Inc. for adjustment to the account