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

Essay

Copper Corporation had the following transactions:
$$\begin{array} { | l | l | } \hline \text { Mar. } 3 & \begin{array} { l } \text { Sold merchandise inventory on account to L. Navarro, issuing invoice no. } 501 \text { for } \$ 1,100 \\( \text { cost, } \$ 890 ) .\end{array} \\\hline 22 & \text { Purchased merchandise inventory on credit terms of } 3 / 10 , n / 30 \text { from Circus Co., } \$ 800 . \\\hline 27 & \text { Returned damaged merchandise inventory to Circus Co., issuing a debit memo for } \$ 800 . \\31 & \text { Recorded March depreciation of } \$ 2,400 . \\\hline\end{array}$$ 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.