Current Attempt in Progress Martinez Furniture Limited reports the following information for 11 months of the year in its February 28, 2021, trial balance. The rnmnanv'c vas and ic Marrh 21 Martinez Furniture incurred the following transactions for the month of March. The company uses a perpetual inventory system. Mar. 1 Received $162,500 on account from a major customer. 2 Paid a supplier an amount owing of $260,000, taking the full discount, terms 2/10,n/30. 5 Purchased merchandise from a supplier, $390,000, terms 2/10,n/30, FOB destination. 6 Recorded cash sales, $370,500. The cost of goods sold for these sales was $260,000. 7 Returned scratched merchandise to the supplier from the March 5 purchase, $32,500. 8 The appropriate company paid freight for the March 5 purchase, $9,750. 9 Sold $260,000 of merchandise on account, terms 2/10,n/30, FOB destination. The cost of goods sold was $182,000. Management estimated that sales returns will be 12% of sales. 9 The appropriate company paid freight for the March 9 sale, $6,500. 12 Ordered custom merchandise for a local designer totalling $65,000. Received $16,250 as a deposit. 13 Accepted returned merchandise from the sale on March 9,$26,000. The cost of the goods returned to inventory was $18,200. 14 Paid for the merchandise purchased on March 5, net of merchandise returns on March 7. 16 Paid salaries of $58,500. 20 Recorded cash sales, $331,500. The cost of goods sold for these sales was $232,700. No returns were anticipated related to these sales. 27 Paid salaries of $65,000. 29 Received payment of merchandise sold on March 9, net of merchandise returns on March 13. 30 Paid rent, $6,500. Record the March transactions. (List all debit entries before credit entries. 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.)