Mar. 8: Sold merchandise inventory to Houston Company, $3,000, on account. Terms 1/15, n/35. Date Accounts Debit Credit Mar. 8 3,000 Accounts Receivable-Houston Company Sales Revenue 3,000 Choose from any list or enter any number in the input fields and then click Check Answer. Mar. 3 Mar. 4 Mar. 4 Mar. 6 Mar. 8 Purchased merchandise inventory on account from Sherry Wholesalers, $6,000 Terms 3/15, n/EOM, FOB shipping point. Paid freight bill of $85 on March 3 purchase. Purchase merchandise inventory for cash of $1,600. Returned $500 of inventory from March 3 purchase. Sold merchandise inventory to Houston Company, $3,000, on account. Terms 1/15, n/35 Purchased merchandise inventory on account from Tarin Wholesalers, $5,000 Terms 3/10, n/30, FOB destination Made payment to Sherry Wholesalers for goods purchased on March 3, less return and discount Received payment from Houston Company, less discount. After negotiations received a $200 allowance from Tarin Wholesalers. Sold merchandise inventory to Johnson Company, $2,500, on account Terms n/EOM Made payment, less allowance, to Tarin Wholesalers for goods purchased on March 9. Mar. 9 Mar. 10 Mar. 12 Mar. 13 Mar. 15 Mar. 22 Mar. 23 Johnson Company returned $300 of the merchandise sold on March 15. Sold merchandise inventory to Smecker for $1,400 on account. Terms of 1/10, n/30 was offered, FOB shipping point. Mar. 25 Print Done Mar. 8: Sold merchandise inventory to Houston Company, $3,000, on account. Terms 1/15, n/35. Date Accounts Debit Credit Mar. 8 3,000 Accounts Receivable-Houston Company Sales Revenue 3,000 Choose from any list or enter any number in the input fields and then click Check Answer. Mar. 3 Mar. 4 Mar. 4 Mar. 6 Mar. 8 Purchased merchandise inventory on account from Sherry Wholesalers, $6,000 Terms 3/15, n/EOM, FOB shipping point. Paid freight bill of $85 on March 3 purchase. Purchase merchandise inventory for cash of $1,600. Returned $500 of inventory from March 3 purchase. Sold merchandise inventory to Houston Company, $3,000, on account. Terms 1/15, n/35 Purchased merchandise inventory on account from Tarin Wholesalers, $5,000 Terms 3/10, n/30, FOB destination Made payment to Sherry Wholesalers for goods purchased on March 3, less return and discount Received payment from Houston Company, less discount. After negotiations received a $200 allowance from Tarin Wholesalers. Sold merchandise inventory to Johnson Company, $2,500, on account Terms n/EOM Made payment, less allowance, to Tarin Wholesalers for goods purchased on March 9. Mar. 9 Mar. 10 Mar. 12 Mar. 13 Mar. 15 Mar. 22 Mar. 23 Johnson Company returned $300 of the merchandise sold on March 15. Sold merchandise inventory to Smecker for $1,400 on account. Terms of 1/10, n/30 was offered, FOB shipping point. Mar. 25 Print Done