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Mathew's Foxes and Furs Ltd, sells faux fur coats and accessories. Mathew has the following inventory and sale transactions in March of 2020 - March

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Mathew's Foxes and Furs Ltd, sells faux fur coats and accessories. Mathew has the following inventory and sale transactions in March of 2020 - March 1 Mathew purchases $2,750 worth of inventory with terms of 4/15, n/30 March 5 Mathew sells $600 worth of inventory for cash, with a gross margin percentage of 40% March 11 Mathew pays for the purchases on March 1 March 17 Mathew sells $850 worth of inventory with terms 2,10, n 30 and a gross margin percentage of 40% - March 22 Mathew receives payment for the goods sold on March 17 Prepare all journal entries to record these transactions in good form

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