1. Post the transaction to the merchandise inventory account. 2. total cash payment for inventory in March

Sanch Stress new company that started tons on March 1, 2017. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in 2 2 21 22 Sant Store purchases 58.600 of merchandise for resale from Octagon Wholesalers, form 2/10,30, FOB shipping point The correct company pay $155 for the shipping charges Sarreus 100 of the merchandise purchased on March 1 because it was the wrong colour Octagon gives Sanda 51.200 credit ons account Sand Store purchases an action 514.000 of merchandise for resale from Octagon Wholesale terms 20,30, FOB destacion The come company that changes Sandra 5400 of the merchandise purchased on March 1 because it was damaged Octagones Sanda S400 credit on ts account Spas Octagon the amount owing for the merchandise purchased on March 1 Sanchis Octagon the amount wing for the merchandise purchased on March 21