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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

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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 $5,000, terms 2/10, 1/30. 3 Dodson Company returned merchandise worth $500 to Molina 9 Molina collected the amount due from Dodson Company from the March 1 sale. 15 Molina sold merchandise for $400 in its retail outlet. The customer used his Molina credit card. Molina added 1.5% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 31 March 9

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