. . . March 1 Purchased $25,000 of merchandise on account for terms 2/10,n30. March 3 Sold merchandise to a customer for $5,000 for terms 1/10, n30. (Cost $2,600) March 4 Customer from March 3 returned $200 of some unsuitable goods which were returned to inventory. (Cost $100) March 5 Purchased $15,000 of merchandise from a supplier for cash and arranged for shipping, FOB shipping point. March 6 Paid $200 for shipping on the March 5 purchase. March 7 Contacted the supplier from March 5 regarding $2,000 of merchandise with some minor damages. Supplier agreed to reduce the price and offered an allowance of $500 cash, which was accepted. March 8 Sold $25,000 of merchandise for terms 1.5/10,n30. (Cost $13,000). Agreed to pay shipping costs for the goods sold to the customer. March 9 Shipped the goods sold on March 8 to customer, fob destination for $500 cash. (Hint: Shipping costs paid to ship merchandise sold to a customer is an operating expense.) March 11 Paid for fifty percent of the March 1 purchase to the supplier. March 13 Collected the account owing from the customer from March 3. March 15 Purchased office supplies on account for $540 for terms 1/10,n30. March 18 Ordered merchandise inventory from a supplier totaling $15,000. Goods to be shipped on April 10, fob shipping point. March 20 Collected $6,010 cash from an account owing from two months ago. The early payment discount had expired. March 25 Paid for the March 15 purchase. March 27 Sold $12,500 of merchandise inventory for cash (Cost $5,000). March 31 Paid the remaining of the amount owing from the March 1 purchase. Required: Prepare the journal entries for Harry P. Inc. 22 DELL