Gonzalez Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30).

Mar.		1		Purchased $44,000 of merchandise from Wright Industries, invoice dated March 1, terms 2/15, n/30.
Mar.		2		Sold merchandise on credit to Mitchell Co., Invoice No. 854, for $21,600 (cost is $13,000).
Mar.		3		Purchased $1,900 of office supplies on credit from Turner Company, invoice dated March 3, terms n/10 EOM.
Mar.		3		Sold merchandise on credit to Carolyn Clinton, Invoice No. 855, for $14,000 (cost is $8,400).
Mar.		6		Borrowed $90,000 cash from First Bank by signing a long-term note payable.
Mar.		9		Purchased $22,250 of office equipment on credit from Ryan Supply, invoice dated March 9, terms n/10 EOM.
Mar.		10		Sold merchandise on credit to Jaden Thompson, Invoice No. 856, for $11,200 (cost is $6,700).
Mar.		12		Received payment from Mitchell Co. for the March 2 sale less the discount.
Mar.		13		Sent Wright Industries Check No. 416 in payment of the March 1 invoice less the discount.
Mar.		13		Received payment from Carolyn Clinton for the March 3 sale less the discount.
Mar.		14		Purchased $35,800 of merchandise from the Brown Co., invoice dated March 13, terms 2/10, n/30.
Mar.		15		Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $19,100. Cashed the check and paid the employees.
Mar.		15		Cash sales for the first half of the month are $38,000 (cost is $22,800). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.)
Mar.		16		Purchased $2,400 of store supplies on credit from Turner Company, invoice dated March 16, terms n/10 EOM.
Mar.		17		Received a $3,800 credit memorandum from Brown Co. for the return of unsatisfactory merchandise purchased on March 14.
Mar.		19		Received a $3,340 credit memorandum from Ryan Supply for office equipment received on March 9 and returned for credit.
Mar.		20		Received payment from Jaden Thompson for the sale of March 10 less the discount.
Mar.		23		Issued Check No. 418 to Brown Co. in payment of the invoice of March 13 less the March 17 return and the discount.
Mar.		27		Sold merchandise on credit to Jaden Thompson, Invoice No. 857, for $25,000 (cost is $15,000).
Mar.		28		Sold merchandise on credit to Carolyn Clinton, Invoice No. 858, for $8,400 (cost is $5,000).
Mar.		31		Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $19,100. Cashed the check and paid the employees.
Mar.		31		Cash sales for the last half of the month are $34,200 (cost is $20,500). Required General Journal tab - Each transaction is recorded in either a special journal, or directly in the general journal. If a transaction is to be recorded in a special journal, select "Entered in journal" in the first account field. Otherwise, the general journal entry. Prepare a journal entry for each of the special journals at month-end. General Ledger and Trial Balance tabs - Journal entries are posted automatically to the general ledger and trial balance. Cash Receipts Journal tab - Enter the transactions that are properly included in this special journal. Cash Disbursements Journal tab - Enter the transactions that are properly included in this special journal. Purchases Journal tab - the transactions that are properly included in this special journal. Sales Journal tab - the transactions that are properly included in this special journal.