2 Jaleh Mehr is the owner of the retail store 151 Jeans. She purchases jeans from a number of manufacturers to bring great style and fit to her customers. Prepare journal entries for March 2020 to record the following transactions for a retail store. Assume a periodic inventory system 20 points 02:35:32 Mar. 2 Purchased jeans from Paige Denis under the following terms: $5,000 invoice price, 1/15, n/60, FOB shipping point. 3 Paid $430 for shipping charges on the purchase of March 2 4 Returned to Paige Denin unacceptable merchandise that had an invoice price of $300. 17 Sent a cheque to Paige Denin for the March 2 purchase, net of the returned merchandise and applicable discount. 18 Purchased jeans from ) Brand under the following terms: $11,200 invoice prce, 1/10, 1/30, FOB destination 21 After brief negotiations, received from brand a $2,900 allowance on the purchase of March 18 28 Sent a cheque to J Brand paying for the March 18 purchase, net of the discount and the allowance. References View transaction list Journal entry worksheet 3 4 1 2 7 5 6 Record purchase of merchandise on credit; terms 1/15, 1/60, FOB Shipping. Note: Enter debits before credits Date General Journal Debit Credit March 02. 2020