March 3 Sold $16,000 of merchandise to Watson Company on account. March 4 Sold $2,100 of merchandise to Yancy Corp., who paid by credit card. The credit card company charges Jackson a fee of 1% on credit card sales. March 5 Watson Company returned $100 of the merchandise from March 3. March 7 Sold $200 of merchandise to Mayberry, Inc., on account. March 15 Watson Company paid the balance of what it owed for the purchase on March 3. March 19 Sold $25,000 of merchandise to Zupko Co. on account. March 21 Zupko reported that some of the merchandise received was scratched and returned $1,300 worth of merchandise to Jackson. March 23 Sold $30,000 of merchandise to Nelders Co. on account. March 25 Zupko paid the balance of what it owed for the purchase on March 19. March 31 Jackson made the adjusting entries for the month to accrue for estimated future returns. Jackson estimates that 3% of total sales will be returned. Sport e vingers sucksorts cout of on volt a 30%. The comowy had the folewing vector variations during her rement to create mets the most wel entry trwa to pre motor to the viene tractor free, herehe Kacade organisations from your Martha do 16.00 hande te the cent of goods and entry yet we wilde het in Jedy De M Cru Now record the women Act De Credit Martes 32.100 el matery Compty credit the conditions concery we contract and Dance the cost of ondertry. We wil esaten the rest be De Credit Now record the food and on March 4 Data) Bet Crede March Weron compared $100 tandis from March 3 Danotecard hory Weather Arcken Industries Customers within 15 more procedit card, Jack's cost of good old 30% sales. The company had the folowing selected transaction during March March Wan Com hon March 3 Dorthe vantar entry yet. We wil do that in the next step Dane Mars Debit Credit Now record they both of meron March Entry Dute M Debit Crede March 200 of merchandise to Maybe in oncourt Dara record the cost of goods sold only yet. Ww within the next step Jackson who may 15 days at the sale gachet cand. Jackson's cost of goods sold 20% of. The company had following selected transactions during March Marun Sawan Denetrecord the cost of goods sold entry yet we will in the new Jumaty Date Credit No wonder may D Cruz Mar March 15 W Compare what we are purchase on March Journal March 15 Watson Company and the owed for the purchase on March 3 Jumatory Date Account Debt Marts Credit Mer 18 125.000 euro pe Concourt. De to record the cost of goodscodenty yet we will do that in the Jual De Acco Debat Cred Mart Now record the cost of goods sold for somethands on March 10 Now record the cost of the Man Date AG De Cr Murto Mer 21. apk moet ons te hanteerenved a scratched wd med 1.300 worth of merchandise to Jackson. Do not record the inventory entry yet. We will do that in the next step Die LE De Creo Now record the entry entry merchandise on March 2 .. wowed with centuloodedes. The comowy had the following dederation can Murah Cr Mar March 2006 Decade cost of good out. We will do that are Date Debi Crea Now record of goods sold for the hand och Journal Now record the cost of goods sold for the sale of merchandise on March 23 Journal Entry Date Accounts Mar 23 Debit Credit March 25 Zupko paid the balance of what towed for the purchase on March 19 Journal Entry Accounts Debit Credit Date Mar 25 March 31: Jackson made the adjusting enes or the month to accrue for estimated future returns, Jackson estimates that % of total sales will be returned Fest, prepare the entry to accrue for the estimated sales returns. Do not record the cost of goods sold entry yet. We will do that in the next step March 3t Jackson mate the wingers for a month to true for estimated ture returns Jackson estimates that of totales will be returned First pro the entry for the estimated seatum. Do not record the cost of goods toldenty yet we will do that in the next step Journal Entry Debit Credit Date Accounts 31 Now record the cost of goods sold entry for the estimated future retums. Round you to the nearest whole dar) Journal Entry Date Accounts Debit Credit Mara Journal Entry Account Date Delt Credit Mar 31 Now record the cost of goods sold entry for the estimated returns and your answer to the nearest whole of Journal Entry Accounts Debit Date Mar 31 Credit Requirement 2. Calculate the gross sales revenue for the month The grousses even for the months