periodic entries

.g. Made a $1,050 mortgage payment $500 was for interest ,the remainder was applied toward the loan principal.

h. Returned a return of $2500 of the merchandise received in"C" above.

i. sold merchandise on account for $12,000 terms were 2/10, n/30 " FOB origination

j. Received a return of $3000 of the merchandise sold in "I" above.

k. Gill Bates , the owner , withdrew $10,000 for personal use.

L. Purchased $400 of office supplies by paying cash.

M. Received payment for the merchandises sold in "I" this payment properly took the discount and returns into account.

N. paid the invoice related to "C" this payment properly took the discount and returns into account.