Using the information given below, prepare the general journal entry to record the March 16 sale assuming a cash sale and the weighted average method is used. 
Definitions:
Real-World Issues
Real-world issues refer to complex, practical problems that affect individuals and communities in their daily lives and require multifaceted solutions.
Fracking
A technique for extracting natural gas or oil from deep underground formations by injecting fluid at high pressure.
Residential Real Estate
Property comprised of dwellings designed for habitation, such as houses or apartments, as opposed to commercial or industrial properties.
Apply
To make use of a concept, method, or knowledge in a particular situation or task.
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