On March 1,Best Goodssold merchandise on account to Dennis Company for $30,300, terms2/10, net 45. On March 6, Dennis returns merchandise with a sales price of $1,200. On March 11,Best Goodsreceives payment from Dennis for the balance due.

Prepare journal entries to record the March transactions onBest Good's books. (Ignore cost of goods sold entries and explanations.)

Date Account Titles and Explanation Debit Credit Mar. 1 Mar. 6 Sales Returns and Allowances Mar. 11