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Copper Company Had the Following Transactions Journalize the Above Transactions That Should Be Recorded in the |

Question 135

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Copper Company had the following transactions:
 Mar. 3 Sold merchandise inventory on account to L. Navarro, issuing invoice  no. 501 for $1,100 (cost, $890)22 Purchased merchandise inventory on credit terms of 3/10,n/30 from  Circus Co., $800.27 Returned damaged merchandise inventory to Circus Co., issuing a debit  memo for $800.31 Recorded March depreciation of $2,400.\begin{array} { | l | l | } \hline \text { Mar. } 3 & \begin{array} { l } \text { Sold merchandise inventory on account to } L \text {. Navarro, issuing invoice } \\\text { no. } 501 \text { for } \$ 1,100 \text { (cost, } \$ 890 ) \text {. }\end{array} \\\hline 22 & \begin{array} { l } \text { Purchased merchandise inventory on credit terms of } 3 / 10 , n / 30 \text { from } \\\text { Circus Co., } \$ 800 .\end{array} \\\hline 27 & \begin{array} { l } \text { Returned damaged merchandise inventory to Circus Co., issuing a debit } \\\text { memo for } \$ 800 .\end{array} \\\hline 31 & \text { Recorded March depreciation of } \$ 2,400 . \\\hline\end{array} Journalize the above transactions that should be recorded in the general journal.If a transaction should not be recorded in the general journal,identify the special journal that should be used.Assume the company uses the perpetual inventory system.

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General Journal
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