The following are selected transactions of Molina Company. Molina 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 $$5,000,$ terms $\frac{2}{10},\frac{n}{30}.$

$3$ Dodson Company returned merchandise with a sales price of $$500$ to Molina.

$9$ Molina collected the amount due from Dodson Company from the March $1$ sale.

$15$ Molina sold merchandise for $$400$ in its retail outlet. The customer used his Molina credit card.

$31$ Molina added $1\mathrm{.}5\%$ monthly interest to the customer's credit card balance.

Prepare journal entries for the transactions above. $($Ignore cost of goods sold entries and explanations.$)($Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entrles in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable

Sales Revenue

Sales Returns and Allowances

Accounts Receivable