Prepare ledgers t-charts and adjusted trial balance.

1. Paid rent for March, $8,000

3. Purchased merchandise on account from Martin Co., terms 1/10, m/30, FOB shipping $52,000

4. Paid freight on purchase of March 3, $300

6. Sold merchandise on account to Korman Co, terms 3/10, n/30, FOB shipping point, $30,500. The cost of the goods sold was $21,000

7. Received $33,300 cash from Halstad Co. on account

10. Sold merchandise for cash, $36,000. The cost of the goods sold was $27,000.

13. Paid for merchandise purchased on March 3

15. Paid advertising expense for last half of March, $16,000

16. Received cash from sale of March 6.

19. Purchased merchandise for cash, $13,600

19. Paid $22,450 to Buttons Co. on account

20. Paid Korman Co. a cash refund of $10,065 for returned merchandise from sale of March 6. The invoice amount of the returned merchandise was $12.600 and the cost of the returned merchandise was $5,000

20. Sold merchandise on account to Crescent Co., terms 1/10, n/30, FOB shipping point, $110,000. The cost of the goods sold was $60,000

21. For the convenience of Crescent Co, paid freight on sale of March 20, $1,300.

21. Received $32,900 cash from Gee Co. on account.

21. Purchased merchandise on account from Osterman Co., terms

2/10, n/30, FOB destination, $66,000.

24. Returned damaged merchandise purchased on March 21, receiving a credit memo from the seller for $4,000.

26. Refunded cash on sales made for cash, $5,500. The cost of the merchandise returned was $3,800

28. Paid sales salaries of $46,000 and office salaries of $19,000

29. Purchased store supplies for cash, $3,400

30. Sold merchandise on account to Turner Co., terms 2/10, n/30, FOB shipping point, $78,750. The cost of the goods sold was $47,000

30. Received cash from sale of March 20 plus freight paid on March

31. Paid for purchase of March 21, less return of March 24.