Parker Corporation is a manufacturing company that sells goods to wholesale companies. The customers have to pay at the time of sale by credit card or within 15 days. Parker's cost of goods sold is 20% of its sales. Click the icon to see the transactions that occurred during March: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Parker's transactions, including the cost of goods sold entry for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries. Round to the nearest whole dollar) March 3: Sold $17,000 of merchandise to West Company on account. Do not record the cost of goods sold entry yet. We will do that in the next step. Date Mar 3 Journal Entry Accounts Now record the cost of goods sold for the sale of merchandise on March 3. Journal Entry Date Mar 3 Accounts Debit Credit Debit Credit