Journalize the following transactions that occurred in March for Company Assume uses the periodic inventory system No explanations are needed Identify each accounts payable and accounts receivable with the vendor or customer name estimates sales returns at the end of each month (Record debits first, then credits Exclude explanations from journal entries Assume the company records sales at the net amount Round all amounts to the nearest whole dollar ) Mar 3 Purchased merchandise inventory on account from Sidecki Wholesalers, $5,500 Terms 2 15, n EOM, FOB shipping point Mar 4 Paid freight bill of $70 on March 3 purchase Mar 4 Purchase merchandise inventory for cash of $1,100 Mar 6 Returned $900 of inventory from March 3 purchase Mar 8 Sold merchandise inventory to Herrick Company, $3,400, on account Terms 1 15, n 35 Mar 9 Purchased merchandise inventory on account from Tex Wholesalers, $5,600 Terms 2 10, n 30, FOB destination Mar 10 Made payment to Sidecki Wholesalers for goods purchased on March 3, less return and discount Mar 12 Received payment from Herrick Company, less discount Mar 13 After negotiations, received a $500 allowance from Tex Wholesalers Mar 15 Sold merchandise inventory to Jesper Company, $1,700, on account Terms n EOM Mar 22 Made payment, less allowance, to Tex Wholesalers for goods purchased on March 9 Mar 23 Jesper Company returned $300 of the merchandise sold on March 15 Mar 25 Sold merchandise inventory to Salter for $1,000 on account Terms of 1 10, n 30 was offered, FOB shipping point Mar 29 Received payment from Salter, less discount Mar 30 Received payment from Jesper Company, less return Mar 3 Purchased merchandise inventory on account from Sidecki Wholesalers, $5,500 Terms 2 15, n EOM, FOB shipping point Date Accounts Debit Credit Mar 3

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Journalize the following transactions that occurred in March for Company. Assume uses the periodic inventory system. No explanations are needed. Identify each accounts payable and

Journalize the following transactions that occurred in March for Company. Assume uses the periodic inventory system. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name.

estimates sales returns at the end of each month. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount. Round all amounts to the nearest whole dollar.) image text in transcribed

Mar. 3	Purchased merchandise inventory on account from Sidecki Wholesalers, $5,500. Terms 2/15, n/EOM, FOB shipping point.
Mar. 4	Paid freight bill of $70 on March 3 purchase.
Mar. 4	Purchase merchandise inventory for cash of $1,100.
Mar. 6	Returned $900 of inventory from March 3 purchase.
Mar. 8	Sold merchandise inventory to Herrick Company, $3,400, on account. Terms 1/15, n/35.
Mar. 9	Purchased merchandise inventory on account from Tex Wholesalers, $5,600. Terms 2/10, n/30, FOB destination.
Mar. 10	Made payment to Sidecki Wholesalers for goods purchased on March 3, less return and discount.
Mar. 12	Received payment from Herrick Company, less discount.
Mar. 13	After negotiations, received a $500 allowance from Tex Wholesalers.
Mar. 15	Sold merchandise inventory to Jesper Company, $1,700, on account. Terms n/EOM.
Mar. 22	Made payment, less allowance, to Tex Wholesalers for goods purchased on March 9.
Mar. 23	Jesper Company returned $300 of the merchandise sold on March 15.
Mar. 25	Sold merchandise inventory to Salter for $1,000 on account. Terms of 1/10, n/30 was offered, FOB shipping point.
Mar. 29	Received payment from Salter, less discount.
Mar. 30	Received payment from Jesper Company, less return.

Mar. 3: Purchased merchandise inventory on account from Sidecki Wholesalers, $5,500. Terms 2/15, n/EOM, FOB shipping point. Date Accounts Debit Credit Mar. 3