Prepare journal entries to record the following transactions which are independent of each other.

a. On January 1, 2020, Shoppers Inc. purchased merchandise for resale for $20,000 on credit terms 1/15, n/30. Shoppers Inc. incurred a shipping charge of $2,000 on the purchase, which was immediately paid. Shoppers Inc. uses the gross method to record purchases.

b. Ikeo Inc. sold $100,000 of gift cards during the last two weeks of December 2020.

c. On March 28, 2020, Manchester Co. required an advance payment of $100,000 from a customer on a special order of equipment.

Note: You may create a table as follows to organize your journal entries.

Date	Account titles	Debit	Credit
1	Cash	10,000
	Sales Revenue		10,000