Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 Company A sells blankets. The following transactions occurred…

Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 Company A sells blankets. The following transactions occurred…

Company A sells blankets. The following transactions occurred during March:

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Mar 3 Placed an order on credit with the blanket supplier for 100 blankets at a price of $70 each.

Mar 7 Hired a new employee. The employee will earn $80,000 per year plus benefits.

Mar 17 Received the order placed on March 3. No payment is yet made to the supplier.

Mar 25 Sold 60 of the blankets purchased on March 3. The sale was on credit.

Mar 28 Received half of the payment for the March 25 sale.

There were five events in the month of March. How many of them do not require a journal entry to be made?

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