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

Mar.1Purchased $45,000 of merchandise from Thompson Industries, invoice dated March 1, terms 2/15, n/30.Mar.2Sold merchandise on credit to Brown Co., Invoice No. 854, for $33,600 (cost is $20,000).Mar.3Purchased $1,500 of office supplies on credit from Clark Company, invoice dated March 3, terms n/10 EOM.Mar.3Sold merchandise on credit to Spencer Lane, Invoice No. 855, for $16,000 (cost is $9,600).Mar.6Borrowed $92,000 cash from Countryside Bank by signing a long-term note payable.Mar.9Purchased $22,250 of office equipment on credit from Walker Supply, invoice dated March 9, terms n/10 EOM.Mar.10Sold merchandise on credit to Juan Perez, Invoice No. 856, for $12,800 (cost is $7,700).Mar.12Received payment from Brown Co. for the March 2 sale less the discount.Mar.13Sent Thompson Industries Check No. 416 in payment of the March 1 invoice less the discount.Mar.13Received payment from Spencer Lane for the March 3 sale less the discount.Mar.14Purchased $43,800 of merchandise from the Martin Co., invoice dated March 13, terms 2/10, n/30.Mar.15Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $21,100. Cashed the check and paid the employees.Mar.15Cash sales for the first half of the month are $48,000 (cost is $28,800). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.)Mar.16Purchased $3,000 of store supplies on credit from Clark Company, invoice dated March 16, terms n/10 EOM.Mar.17Received a $4,800 credit memorandum from Martin Co. for the return of unsatisfactory merchandise purchased on March 14.Mar.19Received a $3,340 credit memorandum from Walker Supply for office equipment received on March 9 and returned for credit.Mar.20Received payment from Juan Perez for the sale of March 10 less the discount.Mar.23Issued Check No. 418 to Martin Co. in payment of the invoice of March 13 less the March 17 return and the discount.Mar.27Sold merchandise on credit to Juan Perez, Invoice No. 857, for $28,000 (cost is $16,800).Mar.28Sold merchandise on credit to Spencer Lane, Invoice No. 858, for $9,600 (cost is $5,800).Mar.31Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $21,100. Cashed the check and paid the employees.Mar.31Cash sales for the last half of the month are $43,200 (cost is $25,900).