Journalize the Following Transactions for Park Gift Shop $\$ 5,200,2 / 15 , r / 30$

question 149

Essay

Journalize the following transactions for Park Gift Shop.Explanations are not required.Park uses a perpetual inventory system.
Mar.5: Purchased $4,400 of merchandise inventory on account,3/10,n/EOM and FOB shipping point.
Mar.9: Returned $700 of defective merchandise purchased on March 5.
Mar.11: Paid the freight bill of $250 on the March 5 purchase.
Mar. 12: Sold merchardise irventory on account for $\$ 5,200,2 / 15 , r / 30$ . These goods cost the corripary $\$ 3,700$ . Mar.14: Paid amount owed on credit purchase of March 5,less the return and the discount.
Mar.30: Received cash from the March 12 customer in full settlement of the debt.

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Definitions:

Oral Corticosteroids

Steroid medications taken by mouth to treat a wide range of conditions, including chronic inflammatory diseases.

Peaked T Waves

Electrocardiogram findings characterized by sharp, narrow T waves, potentially indicating hyperkalemia or myocardial ischemia.

Intravenous Line

A medical tubing inserted into a vein to administer fluids, medications, or nutrients directly into the bloodstream.

Electrocardiogram

A test that measures the electrical activity of the heart to identify different heart conditions.