Problem 3 Journal entries periodic method

use T accounts if easier - read carefully

3/1) Sold merchandise on credit 2/10, net 60 day - $ 400

3/3) Purchased merchandise on credit 2/10, net 30 days - $ 12,800

3/4) Paid $ 900 freight charge

3/6) Sold merchandise for cash $ 1100

3/7) Sold merchandise on credit 2/10, net 60 days - $ 2,400

3/9) Purchased merchandise on credit 1/10, net 30 days - $ 6,180 including $200 of freight

3/10) Sold merchandise on credit 2/10, net 20 days - $ 4,400

3/10) Received a check for the sale of March 1

3/11) Purchased merchandise on credit 2/10, net30 days $ 16,400

3/12) Received freight charge bill of $ 1,460

3/13) Paid the bill of 3/3

3/14) Returned $ 580 of the merchandise purchased on 3/9

3/16) Received $ 400 of the merchandise back from from 3/10 sale

3/17) Received half payment from 3/7 sale - gave partial discount based on cash received

3/18) Paid the balance of the bill of 3/9 sale less the 3/14 return

3/21) Paid the freight charge of 3/12

3/23) Purchased cleaning supplies $ 500

3/24) Returned $ 100 of cleaning supplies ordered the day before

3/25) Sold merchandise for cash $ 1,600

3/27) Paid the 3/23 purchase less the 3/24 return

3/29) Received payment for the 3/10 sales less the credit of 3/16

3/29) Paid for the merchandise of 3/11

3/31) Received payment for the sale of 3/7 less the partial payment of 3/17