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each transaction is recorded in either a special journal, or directly in the general journal. if a transaction is to be recorded in a soecial journal, select "Entered in special journal" in the first account field. otherwise, prepare the general journal entry

Carter 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 $45,500 of merchandise from Gonzalez Industries, terms 2/15, n/30. Mar. 2 Sold merchandise on credit to Walker Co., Invoice No. 854, for $39,600 (cost is $24,000). Mar. 3 Purchased $1,700 of office supplies on credit from Garcia Company, terms n/30. Mar. 3 Sold merchandise on credit to Hao Lee, Invoice No. 855, for $13,000 (cost is $7,800). Mar. 6 Borrowed $84, eeo cash from Countryside Bank by signing a long-term note payable. Mar. 9 Purchased $22,250 of office equipment on credit from Martin Supply, terms n/30. Mar. 10 Sold merchandise on credit to Debbie Hall, Invoice No. 856, for $10,400 (cost is $6,200). Mar. 12 Received payment from Walker Co. for the March 2 sale less the discount of $792. Mar. 13 Sent Gonzalez Industries Check No. 416 in payment of the March 1 invoice less the discount of $910. Mar. 13 Received payment from Hao Lee for the March 3 sale less the discount of $260. Mar. 14 Purchased $47,800 of merchandise from the Allen Co., terms 2/10, n/30. Mar. 15 Issued Check No. 417 for $22,108, 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 $37,000 (cost is $22,200). These cash sales are recorded in the cash receipts Journal on March 15. Mar. 16 Purchased $2,600 of store supplies on credit from Garcia Company, terms n/30. Mar. 17 Returned $4,800 of unsatisfactory merchandise purchased on March 14 to Allen Co.. Carter reduces accounts payable by that Mar. 19 Returned $3,340 of office equipnent purchased on March 9 to Martin Supply Carter reduces accounts payable by that amount. Mar. 20 Received payment from Debbie Hall for the sale of March 10 less the discount of $208. Mar. 23 Issued Check No. 418 to Allen Co. In payment of the March 14 purchase less the March 17 return and the discount of $360. Mar. 27 Sold merchandise on credit to Debbie Hall, Invoice No. 857, for $23,000 (cost is $13,800). Mar. 28 Sold merchandise on credit to Hao Lee, Invoice No. 858, for $7,800 (cost is $4,700). Mar. 31 Issued Check No. 419 for $22,100, 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 $33,300 (cost is $20,000). These cash sales are recorded in the cash receipts journal on March 31

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