Zhang Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $46,500 of merchandise from Hall Industries, terms 2/15, n/30. Mar. 2 Sold merchandise on credit to Allen Co., Invoice No. 854, for $51,600 (cost is $31,000). Mar. 3 Purchased $1,300 of office supplies on credit from Wright Company, terms n/30. Mar. 3 Sold merchandise on credit to Rick Mitchell, Invoice No. 855, for $15,000 (cost is $9,000). Mar. 6 Borrowed $86,000 cash from Federal Bank by signing a long-term note payable. Mar. 9 Purchased $22,250 of office equipment on credit from Knight Supply, terms n/30. Mar. 10 Sold merchandise on credit to Carolyn Clinton, Invoice No. 856, for $12,000 (cost is $7,200). Mar. 12 Received payment from Allen Co. for the March 2 sale less the discount of $1,032. Mar. 13 Sent Hall Industries Check No. 416 in payment of the March 1 invoice less the discount of $930. Mar. 13 Received payment from Rick Mitchell for the March 3 sale less the discount of $300. Mar. 14 Purchased $56,000 of merchandise from the King Co., terms 2/10, n/30. Mar. 15 Issued Check No. 417 for $24,100, payee is Payroll, in payment of sales salaries expense for the first half of the month. Mar. 15 Cash sales for the first half of the month are $47,000 (cost is $28,200). These cash sales are recorded in the cash receipts journal on March 15. Mar. 16 Purchased $1,800 of store supplies on credit from Wright Company, terms n/30. Mar. 17 Returned $6,000 of unsatisfactory merchandise purchased on March 14 to King Co.. Zhang reduces accounts payable by that amount. Mar. 19 Returned $3,340 of office equipment purchased on March 9 to Knight Supply. Zhang reduces accounts payable by that amount. Mar. 20 Received payment from Carolyn Clinton for the sale of March 10 less the discount of $240. Mar. 23 Issued Check No. 418 to King Co. in payment of the March 14 purchase less the March 17 return and the discount of $1,000. Mar. 27 Sold merchandise on credit to Carolyn Clinton, Invoice No. 857, for $26,000 (cost is $15,600). Mar. 28 Sold merchandise on credit to Rick Mitchell, Invoice No. 858, for $9,000 (cost is $5,400). Mar. 31 Issued Check No. 419 for $24,100, payee is Payroll, in payment of sales salaries expense for the last half of the month. Mar. 31 Cash sales for the last half of the month are $42,300 (cost is $25,400). These cash sales are recorded in the cash receipts journal on March 31.

General Journal tab - Each transaction is recorded in either a special journal, or directly in the general journal. If a transaction is to be recorded in a special journal, select "Entered in special journal" in the first account field. Otherwise, prepare the general journal entry. Prepare a journal entry for each of the special journals at month-end.

General Ledger and Trial Balance tabs - Journal entries are posted automatically to the general ledger and trial balance.

Cash Receipts Journal tab - Enter the transactions that are properly included in this special journal.

Cash Disbursements Journal tab - Enter the transactions that are properly included in this special journal.

Purchases Journal tab - Enter the transactions that are properly included in this special journal.

Sales Journal tab - Enter the transactions that are properly included in this special journal.