ge 4: Page 5: 8 9 Question 2 (13 points) Saved Presented here are selected transactions for Nolan Ltd. during March of the current year. Nolan uses a perpetual inventory system. March 1 Paid $1,800 rent for March. March 2 Purchased equipment on account for $30,000, terms n/30, FOB destination. March 3 Nolan bought office supplies for $300 on account. March 4 Purchased merchandise on account from Hillary Corp. at a cost of $70,000, terms 1/15, n/30, FOB shipping point. March 5 Purchased furniture for $9,500, paying $4,000 in cash and the balance by signing a note payable that is due in four months. March 6 Returned damage goods costing $5,000 that were originally purchased from Hillary Corp. on March 4. (1 mark) March 7 Sold merchandise costing $15,000 to Fisher Ltd. for $22,000 on account, terms 2/10, n/30. (2 marks) March 15 Collected the amount owing from the March 7th transaction. March 22 Paid the amount owing for the office supplies on March 3rd. March 25 Received $2,000 as a down payment for merchandise to be provided in May. March 31 Paid the March income tax of $4,200, REQUIRED: Prepare journal entries for the above March transactions. Omit explanations. you click in the table below, you can drag the dotted triangle at the DELL