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 seld merchandise to Lennox, Inc. for $40,ce and accepted a 68, 7-month note. is an appropriate rate for this type of note. Mar. 31 Sold merchandise to Maddox Co. and accepted amoninterest-bearing note with discount rate of 6. The $30,000 payment is due on March 31, 2019. Apr. sold merchandise to Carr Co. for 515,000 with teres 2/10, 1/30. Evergreen uses the gross method to account for cash discounts. 11 collected the entire amount due from Carr Co. 17 A customer returned merchandise costing $4,400. Evergreen reduced the customer's receivable balance by 56,200, the sales price of the merchandise. Sales returns are recorded by the company as they occur. > Transferred receivables of $62,ce to a factor without recourse. The factor charged Evergreen a 11 finance charge on the receivables transferred. The sale criteria are met. Tune Discounted the Lennox, Inc., note at the bank. The bank's discount rate is . The note was discounted without recourse sep. De 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. 3. 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 a 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 the nearest whole dollar) View transaction ist Journal entry worksheet 2 3 4 5 6 B 9 10 > Sold merchandise to Lennox, Inc. for $40,000 and accepted a 6%, 7-month note. 6% is an appropriate rate for this type of note. Ne Ender de before credit General Journal Debat February 21, 2018 Clear Required 2 >