More info Mar - and a genera 1 8 Purchased merchandise on account for $8,100 from Fodder Inc., terms 2/10, n/30. The owner invested in a fridge worth $1,600 for demonstrations. 15 Returned $520 of unsuitable merchandise to Fodder Inc. from the March 1 purchase. 22 Sold merchandise on account to Quincy for $3,200, terms n/30; cost $1,600. 30 Quincy returned $400 (cost $200) of merchandise sold on March 22; the merchandise was returned to inventory. 31 The company bought raffle tickets from an employee and won $200. ns from jour The Kids Book Shop uses a sales journal, a purchases journal, a cash receipts journal, a cash payments journal, and a general journal. Journalize the March transactions that should be recorded in the general journal, assuming a perpetual inventory system (Click the icon to view the transactions.) Begin by journalizing the purchase of store equipment. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Date Mar Accounts Next, journalize the return of unsuitable merchandise to Fodder Inc. Date General Journal Accounts Debit Credit Dehit Credit The Kids Book Shop uses a sales journal, a purchases journal, a cash receipts journal, a cash payments journal, and a general journal. Journalize the March transactions that should be recorded in the general journal, assuming a perpetual inventory system. (Click the icon to view the transactions.) Next, journalize the return of unsuitable merchandise to Fodder Inc. Date Mar General Journal Accounts Debit Credit Finally, journalize the return from Quincy. There are two journal entries which need to be completed for the return. First, let's record the sales return. General Journal The Kids Book Shop uses a sales journal, a purchases journal, a cash receipts journal, a cash payments journal, and a general journal. Journalize the March transactions that should be recorded in the general journal, assuming a perpetual inventory system. (Click the icon to view the transactions.) Finally, journalize the return from Quincy. There are two journal entries which need to be completed for the return. First, let's record the sales return. General Journal Date Mar Accounts Debit Credit Now, we can update the Inventory account for the return of the goods. General Journal = The Kids Book Shop uses a sales journal, a purchases journal, a cash receipts journal, a cash payments journal, and a general journal. Journalize the March transactions that should be recorded in the general journal, assuming a perpetual inventory system. (Click the icon to view the transactions.) Now, we can update the Inventory account for the return of the goods. Date Mar General Journal Accounts Debit Credit