*oblem ?'-3 arrara Company completes These transactions and events during March of the current ear (terms of all credit sales are 2110, M30}: 1 L0 11 L2 L3 L3 L4 L5 L5 L6 L6 L9 !0 E3 1? Received $ 84,000 of merchandise and an invoice dated March 1, Terms 11'15, M30, from Jerry Corp . Sold merchandise on credit to M. Newman , Invoice No. 854 , for $ 38,000 [cost is $ 19,000 J. Purchased $ 800 of office supplies on credit from Elaine Company , invoice dated March 3, Terms M10 EDM. Sold merchandise on credit to D. eorge , Invoice No. 855 , for $24,000 [cost is $ 12,000 J. Purchased $ 28,000 of office equipment on crediT from Susan Supply , invoice dated March 9, Terms M10 EGM. Sold merchandise on credit to Kramer Cc , Invoice No. 856 , for $ 18,000 [cost is $ I1,000 J. Borrowed $ 45,000 cash by giving Big Bank a longterm note payable. Received payment from H. Newman for The March 2 sale less The discount. Sent Jerry Corp Check No. 111 in payment of The March 1 invoice less The discount. Received payment from 0. George for The March 3 sale less The discount. Received $44,000 of merchandise and an invoice dated March 13, Terms 3110, M30, from The AJ Jack Corp. Cash sales for The first half of The month are $68,000 {cost is $34,000 J. [Cash sales are recorded daily, but are recorded only Twice here To reduce repetitive entries.) Issued Check No. 112 , payable To Payroll, in payment of sales salaries for The first half of the month, $31000 . ashed The check and paid The employees. Received a $ 2,000 credit memorandum from AJ Jack Corp for unsatisfactory merchandise received on March 14 and returned for credit. Purchased $ 6,000 of store supplies on credit from Elaine Company , invoice dated March 16, terms M10 EDM. Received a $400 credit memorandum from Susan Supply for office equipment received on March 9 and returned for credit. Received payment from Kramer Co for The sale of March 10 less the discount. Issued Check No. 113 to AJ Jack Corp in payment of the invoice of March 14 less the return and the discount. Sold merchandise on crediT to Kramer Cc , Invoice Ho. 85? , for $ 13,000 [cost is $ 6,500 J