Gobber's Blacksmithing Forge uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Gobber's Blacksmithing Forge are indicated in the working papers. Below are a series of transactions for Gobber's Blacksmithing Forge for the month of March. Credit sales terms are $\frac{1}{10},\frac{n}{25}.$ The cost of all merchandise sold was $30\%$ of the sales price. Round all numbers to whole dollars.

Mar. Purchase merchandise from J$.$ Barnstadt $\frac{1}{10},\frac{n}{30}$ for $$510,000$ and A$.$ Gonzalez for $$225,000,$ terms

$\frac{32}{10.}\frac{n}{30}.$

f$.$ Receive checks from L$.$ Fury for $$162,360($includes discount$)$ and S$.$ Vast $$167,000$ after the discount period lapsed.

$6$ Purchase $$5000$ worth of office supplies on account.

t$.$ Sell merchandise on account to G$.$ Grisly $$120,000,$ invoice no$.125,$ and to H$.$ Haddock $$152,000,$ invoice no$.126.$

$8$ Freight on merchandise purchased from A$.$ Gonzalez for $$2,400$ paid for with cash $($FOB Shipping point$)$

$9$ Send checks to A$.$ Gonzalez for $$190,000$ less $2\%$ cash discount, and to J$.$ Bamstadt for $$250,000$ less discount.

$9$ Summary daily cash sales total $$35,650.$

$10$ Withdrawal of $$155,000$ cash by M$.$ Larson for personal use.

Sell merchandise on account to S$.$ Vast $$166,000,$ invoice no$.127,$ and to L$.$ Fury $$129,000,$ invoice no$.128.$

$12$ Pay rent in cash of $$180,000$ for March, April and May. $($Hint: post to the prepaid account$)$

$13$ Receive payment in full from H$.$ Haddock less cash discount and A$.$ Hofferson after the discount has expired.

$15$ Return $$50,000$ of merchandise to A$.$ Gonzalez and receive credit.

Post all entries to the subsidiary ledgers.

I$6$ Purchase merchandise from J$.$ Barnstadt $$180,000,$ terms $\frac{1}{10},\frac{n}{30}$; B$.$ Wyrm $$142,000,$ terms $\frac{2}{10},\frac{n}{30}$; and B$.$ Ingerman $$235,000,$ terms $\frac{n}{30}.$

$17$ Pay $$24,000$ cash for office supplies.

$18$ Summary daily cash sales total $$41,550.$

$20$ Issue credit of $$52,000$ to G$.$ Grisly for merchandise retumed

$21$ Sent $$45,900$ check to $A.$ Thorston for a partial payment of what was due. The remaining balance was rolled over into notes payable, maturing in $90$ days $($Hint this will not go into the cash payments journal because it is a compound entry$)$

$21$ Receive payment in full from L$.$ Fury and S$.$ Vast less cash discount.

$22$ Sell merchandise on account to G$.$ Grisly $$227,000,$ invoice no$.129,$ and to S$.$ Vast $$342,000,$ invoice no$.130.$

Post all entries to the subsidiary ledgers.

$23$ Send checks to B$.$ Ingerman and B$.$ Wyrm in full payment less cash discounts.

$25$ Sell merchandise on account to A$.$ Hofferson $$52,500,$ invoice no$.131,$ and to H$.$ Haddock $$361,00$ r invoice no$.132.$