RTS Mar ON 8 1 Received $130.000 on account from a major customer Paid a supplier an amount owing of $208,000, taking the full discount, terms 2/10, 1/30 Purchased merchandise from a supplier, 5312,000, terms 2/10, 1/30. FOB destination Recorded cash sales, 5296400. The cost of goods sold for these sales was 5208,000, 7 Returned scratched merchandise to the supplier from the March 5 purchase. $26,000. The appropriate company paid freight for the March 5 purchase. $7.800, Sold 5208,000 of merchandise on account terms 2/10, 1/30, FOB destination. The cost of goods sold was 9 5145,800 Management estimated that sales returns will be 12 of sales. 9 The appropriate company paid freight for the March 9 sale 55.200 Ordered custom merchandise for a local designer totalline $52,000. Received $13,000 as a deposit. Accepted returned merchandise from the sale on March 9 $20.800. The cost of the goods returned to inventory 13 was $14,560, Paid for the merchandise purchased on March 5.net of merchandise return on March Paid salaries of 546,800 Recorded cash sales 5265200. The cost of goods sold for the sales was 5186160. No returns were anticipated related to these sale 27 Paid salaries of 552.000 29 Received payment of merchandise sol de Match of merchandise returns on March 3 30 Paid $5.2003 13 Set up T accounts, enter the opening balances, and post the transactions recorded in the above part. (Pos. Joumal entries presented in the previous part.) Cash 3 Accounts Receivable RTS Mar ON 8 1 Received $130.000 on account from a major customer Paid a supplier an amount owing of $208,000, taking the full discount, terms 2/10, 1/30 Purchased merchandise from a supplier, 5312,000, terms 2/10, 1/30. FOB destination Recorded cash sales, 5296400. The cost of goods sold for these sales was 5208,000, 7 Returned scratched merchandise to the supplier from the March 5 purchase. $26,000. The appropriate company paid freight for the March 5 purchase. $7.800, Sold 5208,000 of merchandise on account terms 2/10, 1/30, FOB destination. The cost of goods sold was 9 5145,800 Management estimated that sales returns will be 12 of sales. 9 The appropriate company paid freight for the March 9 sale 55.200 Ordered custom merchandise for a local designer totalline $52,000. Received $13,000 as a deposit. Accepted returned merchandise from the sale on March 9 $20.800. The cost of the goods returned to inventory 13 was $14,560, Paid for the merchandise purchased on March 5.net of merchandise return on March Paid salaries of 546,800 Recorded cash sales 5265200. The cost of goods sold for the sales was 5186160. No returns were anticipated related to these sale 27 Paid salaries of 552.000 29 Received payment of merchandise sol de Match of merchandise returns on March 3 30 Paid $5.2003 13 Set up T accounts, enter the opening balances, and post the transactions recorded in the above part. (Pos. Joumal entries presented in the previous part.) Cash 3 Accounts Receivable