Evergreen Company sells lawn and garden products to wholesalers. The company's fiscal year-end is December 31. During 2018, the following transactions related to receivables occurred: Feb. 28 Sold merchandise to Lennox, Inc. for $48,000 and accepted a 6%, 7-month note. 6X is an appropriate rate for this type of Mar. 31 Sold merchandise to Maddox Co. and accepted a noninterest-bearing note with a dis Har,note. Apr. 3 Sold merchandise to Carr Co. for $15,00e with teras 2/10, n/3e. Evergreen uses the gross method to account due on March 31, 2819. discount rate of 63. The s3e, ase payment is discounts the gross method to account for cash 11 Collected the entire amount due from Carr Co. 17 A customer returned ok merchandise costing $4,400. Evergreen reduced the customer's receivable balance by $6,200, the sales price of the merchandise. Sales returns are recorded 30 Transferred receivables of $62,000 to a factor without recourse. The factor charged Evergreen a by the company as they occur 1% finance charge on the Lennox, Inc., note at the bank. The bank's discount rate ts es. The note vas discounted ithout recourse. receivables transferred. The sale criteria are met Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank Required: 1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise ignore the entry for the cost of goods sold. 2. Prepare any necessary adjusting entries at December 31, 2018. Adjusting entries are only recorded at year-end ce3. Prepare a schedule showing the effect of the journal entries on 2018 income before taxes. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to thg nearest whole dollar.) View transaction list