Presented below are selected transactions of Molina Company. Molina sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $10,600, terms 2/10, n/30. 3 Dodson Company returned merchandise worth $600 to Molina. 9 Molina collected the amount due from Dodson Company from the March 1 sale. 15 Molina sold merchandise for $1,200 in its retail outlet. The customer used his Molina credit card. 31 Molina added 2.0% monthly interest to the customers credit card balance.

Prepare journal entries for the transactions above