95%253A%. newconnect.mheducation.com%252Ffactivity anment B Saved Help 5 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. Mar. 2 Purchased jeans from Paige Denim under the following terms: $4,000 invoice price, 2/15, 1/60, ron shipping point. 4 Returned to Paige Denim unacceptable merchandise that had an invoice price of $400. 17 Sent a cheque to Paige Denim for the March 2 purchase, net of the returned merchandise and applicable discount. 18 Purchased jeans from J Brand under the following terms: $9,200 invoice price, 2/10, n/30, FOB destination. 21 After brief negotiations, received from J Brand a $1,900 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. View transaction list Journal entry worksheet 2 1 2 3 8 4 5 6 7 Record purchase of merchandise on credit: terms 2/15, 1/60, FOB Shipping, Note: Enter debits before credits Date General Journal Debit Credit March 02, 2020