Assignment 2: Receivables and Plant Assets Due Date: Friday 2/04/2021 at 6:00pm Question 1: Presented below are selected transactions of Federer Company. Federer sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Lynda Company for $3,800, terms 2/10, n/30. 3 Lynda Company returned merchandise worth $500 to Federer. 9 Federer collected the amount due from Lynda Company from the March 1 sale. 15 Federer sold merchandise for $200 in its retail outlet. The customer used his Federer credit card. 31 Federer added 1.5% monthly interest to the customer's credit card balance. Instructions Prepare journal entries for the transactions above