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Question 2 [35 points) Prepare journal entries for March 2014 to record the following transactions for Holden Corp. Assume a perpetual inventory system. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan). a. March 3: Holden Corp. sold merchandise that cost $5,865 to Global Filter Corp. for $6,900 under credit terms of n/30, FOB shipping point. b. March 8: Holden Corp. sold merchandise to Segura Corporation that cost $6,205 for $7,300 cash. c. March 14: Holden Corp. sold merchandise that cost $8,100 to Benson Inc. for $9,000 under credit terms of 2/15, n/90, FOB shipping point. d. March 26: Global Filter Corp. requested a price reduction on the March 3 sale because the merchandise did not meet specifications. Sent Global Filter Corp. a credit memorandum for $700 to resolve the issue. e. March 30: Received Benson Inc.'s payment of the amount due from the March 14 sale. f. March 31: Received Global Filter Corp.'s payment of the amount due from the March 3 sale. Please use the 't' and '' buttons to change the number of accounts (if necessary) for each journal entry. General Journal Account/Explanation Page GJB F Debit Credit Date BE HE

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