$7-12$ Recording transactions in a general journal

Mar. $2$ Sold merchandise inventory on account, terms n$/30,$ to B$.$ Kelp, issuing

invoice no$.501$ for $$1,000($cost$,$ $$680).$

$6$ Issued credit memo to B$.$ Kelp for $$1,000$ for merchandise returned to the

business by the customer. Also accounted for receipt of the merchandise

inventory at cost$.$

$21$ Purchased merchandise inventory on credit terms of $3/10,$ n$/30$ from Pond

Co$.,$ $$600.$

$28$ Returned damaged merchandise inventory to Pond Co$.,$ issuing a debit

memo for $$600$