Question Help Parker Corporation is a manufacturing company that sells goods to wholesale companies. The customers have to pay at the time of sale by credit card or within 15 days. Parker's cost of goods sold is 40% of its sales. Click the icon to see the transactions that occurred during March: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record Parker's transactions, including the cost of goods sold entry for each sale. (Use the gross method to record the sales transactions. Record debits first, then credits. Exclude explanations from any journal entries. Round to the nearest whole dollar) March 3: Sold $20,000 of merchandise to Wacht Company on account. Do not record the cost of goods sold entry yet. We will do i More Info Journal Entry Date Accounts Mar 3 Accounts Receivable-Wacht Sales Revenue Debit Credit 20000 March 3 March 4 Sold $20,000 of merchandise to Wacht Company on account. Sold $1,500 of merchandise to Yanda Corp., who paid by credit card. The credit card company charges Parker a fee of 3% on credit card sales. Wacht Company returned $900 of the merchandise from March 3. Sold $200 of merchandise to Macoy, Inc., on account. 20000 March 5 March 7