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

March 1	Purchased $46,200 of merchandise from Martin Industries, terms 2/15, n/30.
March 2	Sold merchandise on credit to Taylor Company, Invoice Number 854, for $48,000 (cost is $29,000).
March 3	Purchased $1,500 of office supplies on credit from Griffin Company, terms n/30.
March 3	Sold merchandise on credit to Carlos Sanchez, Invoice Number 855, for $20,000 (cost is $12,000).
March 6	Borrowed $98,000 cash from National Bank by signing a long-term note payable.
March 9	Purchased $21,950 of office equipment on credit from Wright Supply, terms n/30.
March 10	Sold merchandise on credit to Susan Knight, Invoice Number 856, for $16,000 (cost is $9,600).
March 12	Received payment from Taylor Company for the March 2 sale less the discount of $960.
March 13	Sent Martin Industries Check Number 416 in payment of the March 1 invoice less the discount of $924.
March 13	Received payment from Carlos Sanchez for the March 3 sale less the discount of $400.
March 14	Purchased $53,400 of merchandise from the Parker Company, terms 2/10, n/30.
March 15	Issued Check Number 417 for $23,500, payee is Payroll, in payment of sales salaries expense for the first half of the month.
March 15	Cash sales for the first half of the month are $44,000 (cost is $26,400). These cash sales are recorded in the cash receipts journal on March 15.
March 16	Purchased $2,600 of store supplies on credit from Griffin Company, terms n/30.
March 17	Returned $5,400 of unsatisfactory merchandise purchased on March 14 to Parker Company. King reduces accounts payable by that amount.
March 19	Returned $3,290 of office equipment purchased on March 9 to Wright Supply. King reduces accounts payable by that amount.
March 20	Received payment from Susan Knight for the sale of March 10 less the discount of $320.
March 23	Issued Check Number 418 to Parker Company in payment of the March 14 purchase less the March 17 return and the discount of $960.
March 27	Sold merchandise on credit to Susan Knight, Invoice Number 857, for $35,000 (cost is $21,000).
March 28	Sold merchandise on credit to Carlos Sanchez, Invoice Number 858, for $12,000 (cost is $7,200).
March 31	Issued Check Number 419 for $23,500, payee is Payroll, in payment of sales salaries expense for the last half of the month.
March 31	Cash sales for the last half of the month are $39,600 (cost is $23,800). These cash sales are recorded in the cash receipts journal on March 31.

Gerneral Journal