Wild Wilderness Supplies has had the following transactions during January 2018

Jan 1 Sold Merchandise on credit to Merri $15,000, term 2.10, n/30; the cost of goods was $8,500

Jan 1 Wilde paid $50 to ship the goods to Merril

Jan 5 Purchased inventory for $12,000 on credit from Outdoor Experts, terms 1/10, n/30

Jan5 Wilde paid $25 to have the merchandise from Outdoor Experts delivered

Jan 8 Merril returned $1,200 (sales price) of merchandise purchased on January 1; the cost of goods sold was $800. The inventory will be resold.

Jan 12 Some of the merchandise purchased on January 5 was the wrong size. Wilde decided to keep the merchandise in exchange for a 25% allowance on the purchase. Allowances are not granted on shipping charges.

Jan 15 Received payment from Merril for the January 1 sale

Jan 18 Sold merchandise on credit to Forest Outfitters for $5,000, terms 2/15, n/30; the cost of goods was $2,600

Jan 23 Paid for merchandise purchased from Outdoor Experts on January 5

Jan 26 Wilde granted Forest Outfitters a 20% allowance on the January 18 sale due to defective products

Jan 31 Received payment from Forest Outfitters for the January 18 sale

A) Journalize the above transactions that Wilde Wilderness Supplies uses a perpetual inventory system. Round all calculations to the nearest whole dollar.

Date	Account Title and Explanation	Debit	Credit

B) Calculate Wilde Wilderness Supplies gross profit margin for the month