Journal Entries for Sale, Return, and Remittance-Periodic System On March 10, the Sharon Company sold merchandise listing for $2,500 to the Dillard Company, terms 2/10, n/30. On March 14, $100 worth of merchandise was returned because it was the wrong size. On March 20 Sharon Company received a check for the amount due. Required Record the journal entries made by Sharon Company for these transactions. Sharon uses the periodic inventory system. General Journal Date Description Debit Credit Mar. 10 Sold merchandise to Dillard Company terms 2/10, n/30. 14 Merchandise returned by Dillard Company 20 Cash Remittance received from Dillard Company