Casey Ltd’s accounting system uses special journals and subsidiary ledgers. The following transactions occurred during March 2025 (GST is ignored). All sales are n/30.

Required

(a) Ignoring GST, enter the appropriate transactions into the purchases and sales journals for March, and explain how each would be posted to accounts in the ledgers.

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Mar. 3 11 13 18 24 27 Purchased inventory from P. Forza, $1030, terms 2/15, n/30. Sold goods to B. Harley on credit, invoice 435, $750. Purchased office furniture on credit from R. Gerace, terms n/30, $5460. Paid P. Forza for goods purchased on 3 Mar. Purchased goods from C. Dixon, $970, terms 2/15, n/30. Sold inventory to K. Lee for cash, $1090.