Presented below are selected transactions of Palmer Company. Palmer sells in large quantities to other companies and also sells its product in a small retail outlet.

March $1$ Sold merchandise on account to Grey Company for $$6,000,$ terms $\frac{2}{10},\frac{n}{30}.$

$3$ Grey Company returned merchandise worth $$600$ to Palmer.

$9$ Palmer collected the amount due from Grey Company from the March $1$ sale.

$15$ Palmer sold merchandise for $$10,000$ in its retail outlet. The customers used their Palmer credit card.

$31$ Palmer added $1\%$ monthly interest to the customers' credit card balance.

April $10$ Palmer collected $$3,050$ from credit card customers.

$($a$)$

Prepare journal entries for the transactions above. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

March $1$

$3$