Warning resource from Cengage Learn eBook Gross method for sales discounts The following were selected from among the transactions completed by Essex Company during March of the current year: Mar. 2. Sold merchandise on account to Parsley Co., $32,000, terms 1/10, 1/30. The cost of the merchandise sold was $18,500. 8. Sold merchandise on account to Tabor Co., $24,000, terms 2/10, 1/30. The cost of the merchandise sold was $14,400. 11. Received payment on account for the sale of March 2 less the discount. 20. Received payment on account for the sale of March 8. Journalize the March transactions using the gross method of recording sales discounts. If an amount box does not require an entry, leave it blank Accounts Payable-Parsley Co. Mar. 2 Mar. 2 Mar. 8 Mar. 8 Mar. 11 Previous Nes 2 Storey como 8. Sold merchandise on account to Tabor Co., 524,000, terms 2/10, 1/30. The cost of the merchandise sold was $14.400 11. Received payment on account for the sale of March 2 less the discount 20. Received payment on account for the sale of March 8. Journalize the March transactions using the grous method of recording sales discounts. If an amount box does ret reduire an entry leavet blank Accounts Payable-Parsley Co. Mar. 2 Mar. 2 II II II II Mar 8 Mar. 8 Mar. 11 II II III ID II II dropdown Mar. 20