1.MAKE ACCOUNTING ENTRIES FOR THE FOLLOWING TRANSACTIONS OF A TRADING COMPANY UNDER THE PERMANENT INVENTORY SYSTEM. The company LA ESTACA, S.A. records your inventories through the perpetual or permanent system, and you must record the transactions for the month of March XXXX. All transactions are subject to 13% value added tax. Discounts apply to partial payments and collections, if any. 1. March 1. Merchandise is purchased from a supplier for the sum of 41,800,000 plus 13% VAT. The purchase was on credit under conditions 5/18, n/30. Additionally, this same day, it paid freight to bring the merchandise to its warehouses for the sum of 910,000, plus 13% VAT