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Question 13 points Prepare journal entries to record the following transactions for a retail store. Assume a perpetual inventory system is used March 1: Purchased merchandise from Alphin Company under the following terms: 56,500 price, Invoice dinted March 1. credit terms of 2/10. 160, and FOB shipping point. (1 % marks) March 2: Returned to Alpha Company macceptable merchandise that had an invoice price of $500. (1 marks) March 10: Sent a check to Alpha Company for the March 1 purchase, net of the discount and the rewed merchandise. (1 mark) March 15: Sold merchandise for $4.000, granting the customer terms of 2/10. EOM, invoice dated March 15. The cost of the merchandise is $2.400. (2 marks) For the toolbar, press ALT+F10 (PC) or ALTFN+F10 (Mac)