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a. Purchase of merchandise inventory on March 1 for $19,200 on account, terms 1/10, n/30. b. Paid $192 cash for freight charges on March 1
a. Purchase of merchandise inventory on March 1 for $19,200 on account, terms 1/10, n/30. b. Paid $192 cash for freight charges on March 1 related to the purchase. c. Returned $144 of merchandise on March 5 and received a credit from the vendor. d. Paid the balance due to the vendor on March 8. e. Sold merchandise inventory on March 15 for $12,000 cash. Prepare journal entries for transactions a through e. - Note: Round your answers to the nearest whole dollar
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