Acc291 Principles of Accounting: E8-1 Presented below are selected transactions of Pale Force

Acc291 Principles of Accounting

E8-1
Presented below are selected transactions of Pale Force Company. Pale Force sells in large quantities to other companies and also sells its product in a small retail outlet.
1-Mar Sold merchandise on account to CC Company for $3,000, terms 2/10, n/30.
3-Mar CC Company returned merchandise worth $500 to Pale Force.
9-Mar Pale Force collected the amount due from CC Company from the March 1 sale.
15-Mar Pale Force sold merchandise for $400 in its retail outlet. The customer used his Pale Force credit card.
31-Mar Pale Force added 1.5% monthly interest to the customer's credit card balance.

Instructions:
Prepare journal entries for the transactions above. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
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