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Central Paint Distributors uses a perpetual inventory system. The company had the following transactions in March. Mar. 16 Sold $13,100 of merchandise to Fresh Look

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Central Paint Distributors uses a perpetual inventory system. The company had the following transactions in March. Mar. 16 Sold $13,100 of merchandise to Fresh Look Paint Stores, terms 2/10, n/30, FOB destination. The merchandise had cost Central Paint Distributors $9,000 17 Paid freight costs of $170 for the March 16 sale. 18 Gave Fresh Look Paint Stores an allowance of $660 for the March 16 sale. There was some minor damage to the goods 25 Collected the balance due from Fresh Paint Stores. For each transaction, prepare a journal entry to record the transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit (To record sales) (To record cost)

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