The following were selected from among the transactions completed by Essex Company during March of the current year:

Mar.	2	Sold merchandise on account to Parsley Co., $32,000, terms 1/10, n/30. The cost of the merchandise sold was $18,500.
	8	Sold merchandise on account to Tabor Co., $24,000, terms 2/10, n/30. The cost of the merchandise sold was $14,400.
	11	Received payment on account for the sale of March 2 less the discount.
	20	Received payment on account for the sale of March 8.

Journalize the March transactions using the gross method of recording sales discounts. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

CHART OF ACCOUNTS

Essex Company

General Ledger

	ASSETS
110	Cash
120	Accounts Receivable-Parsley Co.
121	Accounts Receivable-Tabor Co.
130	Merchandise Inventory
141	Store Supplies
190	Building
191	Accumulated Depreciation-Building

	LIABILITIES
211	Accounts Payable-Parsley Co.
212	Accounts Payable-Tabor Co.
218	Sales Tax Payable
221	Notes Payable

	EQUITY
310	Owner's, Capital
311	Owner's, Drawing

	REVENUE
410	Sales
411	Allowance for Sales Discounts

	EXPENSES
510	Cost of Merchandise Sold
523	Depreciation Expense
534	Store Supplies Expense
539	Selling Expenses
540	Administrative Expenses
710	Interest Expense