Question 3 (18 marks) Solel Company, a small merchandising company located in Surrey just hired you as a junior accountant to update their accounting records as a previous accountant unexpectedly left the company. Solei asked you to prepare journal entries for each of the following transactions that have not been recorded in the accounting books. Assume a perpetual merchandise inventory system. I March 15: Purchased 220 units of merchandise inventory at $3 per unit. The seller offered a cash discount of 1.5/7, n/30. March 17: Returned 17 defective units and received full credit. March 20: Paid the amount in full, less the returned items. March 21: Sold 55 units of merchandise for $8 per unit and granted Alola, the customer terms 1/10, n 21 March 23: Alola Company returned 5 units and was granted a credit. March 30: Received payment from Alola. Date Accounts Debit Credit