On March 1st, St. Patty sold to an Irish leprechaun a large four-leaf clover for $20,000 to be displayed during St Pattys Day. The item was purchased under 1/10, n/30 terms and is fob destination. The item was picked up on March 4th and delivered on March 16th, and the delivery bill was $125. The item cost St. Patty $12,000 to make.

Upon receipt of the item, the leprechaun noticed that there was a dent in the side of the four-leaf clover, so it requested a $1,000 which St Patty granted. On March 31, the seller received a check for the balance due.

Prepare all necessary journal entries for St Patty using Net Method (should be five JEs).