Carter Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). March 1 Purchased $45,500 of merchandise from Gonzalez Industries, terms 2/15, n/30. March 2 Sold merchandise on credit to Walker Company, Invoice Number 854, for $39,600 (cost is $24,000). March 3 Purchased $1,700 of office supplies on credit from Garcia Company, terms n/30. March 3 Sold merchandise on credit to Hao Lee, Invoice Number 855, for $13,000 (cost is $7,800). March 6 Borrowed $84,000 cash from Countryside Bank by signing a long-term note payable. March 9 Purchased $22,250 of office equipment on credit from Martin Supply, terms n/30. March 10 Sold merchandise on credit to Debbie Hall, Invoice Number 856, for $10,400 (cost is $6,200). March 12 Received payment from Walker Company for the March 2 sale less the discount of $792. March 13 Sent Gonzalez Industries Check Number 416 in payment of the March 1 invoice less the discount of $910. March 13 Received payment from Hao Lee for the March 3 sale less the discount of $260. March 14 Purchased $47,800 of merchandise from the Allen Company, terms 2/10, n/30. March 15 Issued Check Number 417 for $22,100, payee is Payroll, in payment of sales salaries expense for the first half of the month. March 15 Cash sales for the first half of the month are $37,000 (cost is $22,200). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $2,600 of store supplies on credit from Garcia Company, terms n/30. March 17 Returned $4,800 of unsatisfactory merchandise purchased on March 14 to Allen Company. Carter reduces accounts payable by that amount. March 19 Returned $3,340 of office equipment purchased on March 9 to Martin Supply. Carter reduces accounts payable by that amount. March 20 Received payment from Debbie Hall for the sale of March 10 less the discount of $208. March 23 Issued Check Number 418 to Allen Company in payment of the March 14 purchase less the March 17 return and the discount of $860. March 27 Sold merchandise on credit to Debbie Hall, Invoice Number 857, for $23,000 (cost is $13,800). March 28 Sold merchandise on credit to Hao Lee, Invoice Number 858, for $7,800 (cost is $4,700). March 31 Issued Check Number 419 for $22,100, payee is Payroll, in payment of sales salaries expense for the last half of the month. March 31 Cash sales for the last half of the month are $33,300 (cost is $20,000). These cash sales are recorded in the cash receipts journal on March 31.