Journalize the following transactions that occurred in March2018for DubleCompany. Assume Dubleuses the periodic inventory system. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or customer name. Mar. 3 Purchased merchandise inventory on account from Silton Wholesalers, $3,000. Tems 3'1, niEOM, FOB shipping point. 4 Paid freight bill of S70 on March 3 purchase. 5 Purchase merchandise inventory for cash of $2,000. 6 Retumed S700 of inventory from March 3 purchase. 8 Sold merchandise inventory to Herrick Company, $3,400, on account. Terms 2/15, n/35 9 Purchased merchandise inventory on account from Teaton Wholesalers, $5,500. Terms 1/10, n/30, FOB destination. 10 Made payment to Silton Wholesalers for goods purchased on March 3, less return and discount. 12 Received payment from Herrick Company, less discount. 13 After negotiations, received a $300 allowance from Teaton Wholesalers. 15 Sold merchandise inventory to Jeter Company, $2,300, on account. Terms 2/10, nEOM. 22 Made payment, less allowance, to Teaton Wholesalers for goods purchased on March 9 9 10 12 13 15 23 Jeter Company retumed $600 of the merchandise sold on March 15. 25 Sold merchandise inventory to Smede for $1,400 on account. Terms of 2/10, n/30 were offered, FOB shipping point. 26 After negotiations, granted a $300 allowance to Smede for merchandise purchased on March 25. 29 Received payment from Smede, less allowance and discount. 30 Received payment from Jeter Company, less return. 26 29 30

Mar. 3 Purchased merchandise inventory on account from Silton Wholesalers, $3,000. Tems 3'1, niEOM, FOB shipping point.

Dr Purchases 3,000

    Cr Accounts payable - Silton Wholesalers 3,000

4 Paid freight bill of S70 on March 3 purchase.

Dr Freight in expenses 70

    Cr Cash 70

5 Purchase merchandise inventory for cash of $2,000.

Dr Purchases 2,000

    Cr Cash 2,000

6 Returned S700 of inventory from March 3 purchase.

Dr Accounts payable - Silton Wholesalers 700

    Cr Purchases returns and allowances 700

8 Sold merchandise inventory to Herrick Company, $3,400, on account. Terms 2/15, n/35

Dr Accounts receivable - Herrick Company 3,400

    Cr Sales 3,400

9 Purchased merchandise inventory on account from Teaton Wholesalers, $5,500. Terms 1/10, n/30, FOB destination.

Dr Purchases 5,500

    Cr Accounts payable - Teaton Wholesalers 5,500

10 Made payment to Silton Wholesalers for goods purchased on March 3, less return and discount.

Dr Accounts payable - Silton Wholesalers

    Cr Cash 2,231

    Cr Purchase discounts 69

12 Received payment from Herrick Company, less discount.

Dr Cash 3,332

Dr Sales discounts 68

    Cr Accounts receivable - Herrick Company 3,400

13 After negotiations, received a $300 allowance from Teaton Wholesalers.

Dr Accounts payable - Teaton Wholesalers 300

    Cr Purchases returns and allowances 300

15 Sold merchandise inventory to Jeter Company, $2,300, on account. Terms 2/10, nEOM.

Dr Accounts receivable - Jeter Company 2,300

    Cr Sales 2,300

22 Made payment, less allowance, to Teaton Wholesalers for goods purchased on March 9

Dr Accounts payable - Teaton Wholesalers 5,200

    Cr Cash 5,200

23 Jeter Company returned $600 of the merchandise sold on March 15.

Dr Sales returns and allowances 600

    Cr Accounts receivable - Jeter Company 600

25 Sold merchandise inventory to Smede for $1,400 on account. Terms of 2/10, n/30 were offered, FOB shipping point.

Dr Accounts receivable - Smede 1,400

    Cr sales 1,400

26 After negotiations, granted a $300 allowance to Smede for merchandise purchased on March 25.

Dr Sales returns and allowances 300

    Cr Accounts receivable - Smede 300

29 Received payment from Smede, less allowance and discount.

Dr Cash 1,078

Dr Sales discounts 22

    Cr Accounts receivable - Smede 1,100

30 Received payment from Jeter Company, less return.

Dr Cash 1,700

    Cr Accounts receivable - Jeter Company 1,700