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TUTORIAL TEST 07 Gason Co. uses special journals and a general journal. The following transactions occurred during March 20X3. Mar. 1 Matt Gason invested $40,000 cash in the business. 2 Sold merchandise to Fernetti for $3,800 cash. The cost of the merchandise sold was $2,500. 3 Purchased merchandise for $4,300 from Gedeno Ltd. using check no. 101 , 14 Paid salary to Miranda $650 by issuing check no. 102. 16 Sold merchandise on account to Fanestil for $550, terms n/30. The cost of the merchandise sold was $350. 22 A check of $5,400 is received from Kline Co. in full for invoice 101; no discount given Instructions: Record the transaction(s) for March into multiplecolumn cash receipts journal and cash payments journal (Use page 1 for each journal.)