Question 1: Presented below are selected transactions of Federer Company. Federer sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 3 9 Sold merchandise on account to Lynda Company for $3,800, terms 2/10, n/30. Lynda Company returned merchandise worth $500 to Federer. Federer collected the amount due from Lynda Company from the March 1 sale. Federer sold merchandise for $200 in its retail outlet. The customer used his Federer credit card. Federer added 1.5% monthly interest to the customer's credit card balance. 15 31 Instructions Prepare journal entries for the transactions above