The following selected transactions relate to METU Company. Mar. 1 Sold $30,500 of merchandise to Salem Company, terms 4/10, n/30. Mar.11 Received payment in full from Salem Company for balance due on existing accounts receivable. Mar.12 Accepted JIM Company's $40,000, 6-month, 10% note for balance due. Mar. 13 Made METU Company credit card sales for $16,200. Mar.15 Made Visa credit card sales totaling $5,200. A 2.5% service fee is charged by Visa. Apr.11 Sold accounts receivable of $9,030 to Hashim Company. Hashim Company assesses a service charge of 2.05% of the amount of receivables sold. Mar.13 Received collections of $10,500 on METU Company credit card sales and added finance charges of 2.01% to the remaining balances. Instructions: Prepare the journal entries for the transactions. (Ignore entries for the cost of goods sold.)