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

Mar.		1		Purchased $44,800 of merchandise from King Industries, invoice dated March 1, terms 2/15, n/30.
Mar.		2		Sold merchandise on credit to Thompson Co., Invoice No. 854, for $31,200 (cost is $19,000).
Mar.		3		Purchased $1,900 of office supplies on credit from Brown Company, invoice dated March 3, terms n/10 EOM.
Mar.		3		Sold merchandise on credit to Jean Clark, Invoice No. 855, for $14,000 (cost is $8,400).
Mar.		6		Borrowed $88,000 cash from First Bank by signing a long-term note payable.
Mar.		9		Purchased $22,050 of office equipment on credit from Gonzalez Supply, invoice dated March 9, terms n/10 EOM.
Mar.		10		Sold merchandise on credit to Jeffrey Wilson, Invoice No. 856, for $11,200 (cost is $6,700).
Mar.		12		Received payment from Thompson Co. for the March 2 sale less the discount.
Mar.		13		Sent King Industries Check No. 416 in payment of the March 1 invoice less the discount.
Mar.		13		Received payment from Jean Clark for the March 3 sale less the discount.
Mar.		14		Purchased $42,200 of merchandise from the Perez Co., invoice dated March 13, terms 2/10, n/30.
Mar.		15		Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $20,700. Cashed the check and paid the employees.
Mar.		15		Cash sales for the first half of the month are $46,000 (cost is $27,600). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.)
Mar.		16		Purchased $2,600 of store supplies on credit from Brown Company, invoice dated March 16, terms n/10 EOM.
Mar.		17		Received a $4,200 credit memorandum from Perez Co. for the return of unsatisfactory merchandise purchased on March 14.
Mar.		19		Received a $3,310 credit memorandum from Gonzalez Supply for office equipment received on March 9 and returned for credit.
Mar.		20		Received payment from Jeffrey Wilson for the sale of March 10 less the discount.
Mar.		23		Issued Check No. 418 to Perez Co. in payment of the invoice of March 13 less the March 17 return and the discount.
Mar.		27		Sold merchandise on credit to Jeffrey Wilson, Invoice No. 857, for $25,000 (cost is $15,000).
Mar.		28		Sold merchandise on credit to Jean Clark, Invoice No. 858, for $8,400 (cost is $5,000).
Mar.		31		Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $20,700. Cashed the check and paid the employees.
Mar.		31		Cash sales for the last half of the month are $41,400 (cost is $24,800).

General Journal tab - Each transaction is recorded in either a special journal, or directly in the general journal. If a transaction is to be recorded in a special journal, select "Entered in special journal" in the first account field. Otherwise, prepare the general journal entry. Prepare a journal entry for each of the special journals at month-end.