Sales Journal Terms Date Account Ref. Amount Sales Journal Ref. Date Account Dr Cr Exercise 9.13 RECORDING INVENTORY TRANSACTIONS * Henry Halmstad began business on 1 March 2014. Henry balances the books at month-end and uses the periodic inventory system. Henry's transactions for March 2014 are detailed below. 8 12 March 1 Henry invested $16 000 cash and $10 000 office equipment into the business. 2 Purchased merchandise from B Askoy on account for $4800 on terms of 2/15, n/30. 5 Sold merchandise to S Stavanger on account for $1200 on terms of 2/10, n/30. Purchased merchandise for cash, $860 on cheque no. 003. Purchased merchandise from N Kurikka on account for $2000 on terms of 2/10, n/30. 14 Paid B Askoy for 2 March purchase on cheque no. 004. Received $1176 from S Stavanger in payment of the account. 21 Sold merchandise to Alesund Ltd on account for $1600 on terms of 2/10, n/30. 21 Paid N Kurikka for 12 March purchase on cheque no. 005. 22 Purchased merchandise from B Kimito on account for $2400 on terms of 2/15, n/30. 23 Sold merchandise for $1300 cash. Returned defective merchandise that cost $600 to B Kimito. Paid salaries of $1400 on cheque no. 006. 15 25 28 Required Prepare journal entries for March 2014, using the pro-forma journals provided. Cash Receipts Journal Cash Disc. all. Date Account Ref. Sales A/c rec. Other Prepare journal entries for March 2014, using the pro-forma journals provided. Cash Receipts Journal Cash Disc. all. Date Account Ref. Sales A/c rec. Other CHAPTER 9 Inventories 1 Cash Payments Journal Ref. Other A/c pay. Date Account Ch. Purch. Cash Disc. rec. Cash Payments Journal Ref. Other Date Account Ch. A/c pay. Purch. Cash Disc. rec. Purchases Journal Terms Date Account Ref. Amount Sales Journal nada