More Info March 3 March 4 March 5 March 7 March 15 March 19 March 21 March 23 March 25 March 31 Sold $18,000 of merchandise to Watford Company on account. Sold $1,800 of merchandise to Yancy Corp., who paid by credit card. The credit card company charges Sawyer a fee of 2% on credit card sales. Watford Company returned $900 of the merchandise from March 3. Sold $400 of merchandise to Mason, Inc., on account. Watford Company paid the balance of what it owed for the purchase on March 3. Sold $24,000 of merchandise to Zane Co. on account. Zane reported that some of the merchandise received was scratched and returned $900 worth of merchandise to Sawyer. Sold $34,000 of merchandise to Niskas Co. on account. Zane paid the balance of what it owed for the purchase on March 19. Sawyer made the adjusting entries for the month to accrue for estimated future returns. Sawyer estimates that 4% of total sales will be returned. Print Done