Q$1.$ Journalize and post the merchandising operations of ODD Company given below using periodic

system:

$01\mathrm{.}03\mathrm{.}2023$ Beginning cash balance is $20\mathrm{.}000,$ inventory balance is $$15\mathrm{.}000.$

$02\mathrm{.}03\mathrm{.}2023$ Purchased merchandise for $$6\mathrm{.}000$ plus $$200$ freight on account.

$03\mathrm{.}03\mathrm{.}2023$ Purchased merchandise on account for $$7\mathrm{.}500$ with credit terms $1/10,$ n$/30.$

$04\mathrm{.}03\mathrm{.}2023$ Purchased merchandise on account for $$4\mathrm{.}000.$

$05\mathrm{.}03\mathrm{.}2023$ Return of the merchandise in $(04\mathrm{.}03\mathrm{.}2023)$ of sales price of $$2\mathrm{.}000.$

$06\mathrm{.}03\mathrm{.}2023$ Paid within the discount period for merchandise in $(03\mathrm{.}03\mathrm{.}2023).$

$07\mathrm{.}03\mathrm{.}2023$ Paid for merchandise in $(04\mathrm{.}03\mathrm{.}2023).$

$08\mathrm{.}03\mathrm{.}2023$ Sold merchandise on account at $$6\mathrm{.}000.$

$09\mathrm{.}03\mathrm{.}2023$ Sold merchandise on account for $$7\mathrm{.}500$ with credit terms $1/10,$ n$/30.$

$10\mathrm{.}03\mathrm{.}2023$ Sold merchandise on account for $$4\mathrm{.}000$ plus $$200$ freight.

$11\mathrm{.}03\mathrm{.}2023$ Received a return of the merchandise in $(09\mathrm{.}03\mathrm{.}2023)$ of sales price of $$2\mathrm{.}000.$

$12\mathrm{.}03\mathrm{.}2023$ Received payment within the discount period for merchandise in $(09\mathrm{.}03\mathrm{.}2023).($take

the return into account$)$

$13\mathrm{.}03\mathrm{.}2023$ Received payment for merchandise in $(10\mathrm{.}03\mathrm{.}2023).$

$14\mathrm{.}03\mathrm{.}2023$ Ending inventory is $$5\mathrm{.}750.$