Question Two:

Sanso Supply Company uses a periodic inventory system. During March, the following transactions

and events occurred.

March. $3$ Purchased $1200$ backpacks at $$70$ each from Makka Company, terms $5/10,$n$/120$

March. $6$ Received credit of $$700$ for the return of $10$ backpacks purchased on March. $3$ that were

defective.

March. $9$ Sold $250$ backpacks for $$200$ each to Ghazala Books, terms $2/10,$ n$/30.$

March. $13$ Paid Makka Company in full.

March. $19$ Received payments from Ghazala Books.

Instructions

Journalize the March transactions for Sanso Supply Company.