Requirement 1. Record lCampbell'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.)

March 4: Sold $1,700 of merchandise to Yeagley Corp., who paid by credit card. The credit card company charges Campbell a fee of 33% on credit card sales. Do not record the cost of goods sold entry yet. We will do that in the next step.

March 3 March 4 Sold $11,000 of merchandise to West Company on account. Sold $1,700 of merchandise to Yeagley Corp., who paid by credit card. The credit card company charges Campbell a fee of 3% on credit card sales. March 5 West Company returned $400 of the merchandise from March 3. March 7 Sold $300 of merchandise to Mcknat, Inc., on account March 15 West Company paid the baace of what it owed for the purchase on March 3 Sold $23,000 of merchandise to Zimba Co. on account. Zimba reported that some of the merchandise received was scratched and returned $900 worth of merchandise to Campbell. March 19 March 21 March 23 Sold $28,000 of merchandise to Nagas Co. on account March 25 Zimba paid the balance of what it owed for the purchase on March 19. March 31 Campbell made the adjusting entries for the month to accrue for estimated future returns. Campbell estimates that 2% of total sales will be returned. March 3 March 4 Sold $11,000 of merchandise to West Company on account. Sold $1,700 of merchandise to Yeagley Corp., who paid by credit card. The credit card company charges Campbell a fee of 3% on credit card sales. March 5 West Company returned $400 of the merchandise from March 3. March 7 Sold $300 of merchandise to Mcknat, Inc., on account March 15 West Company paid the baace of what it owed for the purchase on March 3 Sold $23,000 of merchandise to Zimba Co. on account. Zimba reported that some of the merchandise received was scratched and returned $900 worth of merchandise to Campbell. March 19 March 21 March 23 Sold $28,000 of merchandise to Nagas Co. on account March 25 Zimba paid the balance of what it owed for the purchase on March 19. March 31 Campbell made the adjusting entries for the month to accrue for estimated future returns. Campbell estimates that 2% of total sales will be returned