1 . Prepare journal entries to record each of the following purchases transactions of a merchandising company . Assume a perpetual inventory System . I Omit the " I " sign in Your RESPONSE .!' Mar. 5 Purchased 1, and units of product at a cost of $ 12 per unit . Terms of the sale are Z'LO NED ; the invoice is dated March 5 . Mar . ? Returned SO defective units from the March 5 purchase and received full credit. Mar . 15 Faid the amount due from the March 5 purchase , less the return on March ? . Date General Journal [ichiit Credit War . 5 War . ? War . 15