Now record the inventory entry for the return of merchandise on March $21.$

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Mar $21],[,,,],[,,,],[,,,]]$

March $23$: Sold $$29,000$ of merchandise to Naples Co$.$ on account. Do not record the cost of goods sold entry yet. We will do that in the next step.

$\backslash$table$[[$Journal Entry,,,$],[$Date$,$Accounts,Debit,Credit,$],[$Mar $23,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

Now record the cost of goods sold for the sale of merchandise on March $23.$

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Mar $23],[,,,],[,,,],[,,,]]$

March $25$: Zupko paid the balance of what it owed for the purchase on March $19.$

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Mar $25,,,],[,,,],[,,,],[,,,]]$

March $31$: Parker made the adjusting entries for the month to accrue for estimated future returns. Parker estimates that $3\%$ of total sales will be returned.

First, 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.

$\backslash$table$[[$Journal Entry$],[$Date$,$Accounts,Debit,Credit$],[$Mar $31],[,,,],[,,,],[,,,]]$