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The following are selected transactions of Marigold Company. Marigold sells in large quantities to other companies and also sells its product in a small retail
The following are selected transactions of Marigold Company. Marigold sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $14,000, terms 3/10, n/30. 3 Dodson Company returned merchandise worth $700 to Marigold. 9 Marigold collected the amount due from Dodson Company from the March 1 sale. 15 Marigold sold merchandise for $2,000 in its retail outlet. The customer used his Marigold credit card. 31 Marigold added 1.2% monthly interest to the customer's credit card balance. Date Account Titles and Explanation Debit Credit March 9
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