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Prepare journal entries for the transactions

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Question - The following are selected transactions of Tamarisk Company. Tamarisk sells in large quantities to other companies and also sells its product in a small retail outlet.

March 1 Sold merchandise on account to Dodson Company for $13,200, terms 6/10, n/30.

March 3 Dodson Company returned merchandise with a sales price of $600 to Tamarisk.

March 9 Tamarisk collected the amount due from Dodson Company from the March 1 sale.

March 15 Tamarisk sold merchandise for $1,800 in its retail outlet. The customer used his Tamarisk credit card.

March 31 Tamarisk added 1.0% monthly interest to the customer's credit card balance.

Required - Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.)

Reference no: EM133070381

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