Prepare journal entries for March, 2014 to record the following transactions for Vision Consulting Inc. Assume a perpetual inventory system. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan).

1. March 3: Vision Consulting Inc. purchased merchandise on credit from Zcom Inc., terms 2/10, n/60, $5,700, FOB destination.
2. March 17: After negotiations with Zcom Inc. concerning problems with the merchandise purchased on March 3, received a credit memorandum granting a price reduction of $2,000.
3. March 21: Vision Consulting Inc. purchased merchandise on credit from Allarco Inc., terms 2/15, n/60, $7,900, FOB destination.
4. March 21: Paid the balance due to Zcom Inc.
5. March 27: Vision Consulting Inc. purchased equipment by paying $2,000.
6. March 31: Paid the amount due to Allarco Inc. for the March 21 purchase.

Please use the '+' and '-' buttons to change the number of accounts (if necessary) for each journal entry.

Please use the '+' and '-' buttons to change the number of accounts (if necessary) for each journal entry. General Journal Page GJ8 Date Account/Explanation F Debit Credit + - + - + - + - Question 1 (20 points] Prepare journal entries for March, 2014 to record the following transactions for Vision Consulting Inc. Assume a perpetual inventory system. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). a. March 3: Vision Consulting Inc. purchased merchandise on credit from Zcom Inc., terms 2/10, n/60, $5,700, FOB destination. b. March 17: After negotiations with Zcom Inc. concerning problems with the merchandise purchased on March 3, received a credit memorandum granting a price reduction of $2,000 c. March 21: Vision Consulting Inc. purchased merchandise on credit from Allarco Inc., terms 2/15, n/60, $7,900, FOB destination. d. March 21: Paid the balance due to Zcom Inc. e. March 27: Vision Consulting Inc. purchased equipment by paying $2,000 f. March 31: Paid the amount due to Allarco Inc. for the March 21 purchase. Please use the '+' and '-' buttons to change the number of accounts (if necessary) for each journal entry. General Journal Page GJS Date Account/Explanation Debit Credit F + - + - + - 1 + -1