Big Jay Corporation sells KU themed clothing to customers. One of the items it carries is Rock Chalk Socks, which it purchases from its supplier for $2 per pair. Big Jay had 200 pairs of socks in its inventory at the beginning of March. Use the following information to record the purchase transactions that occurred during the month of March. Assume Big Jay uses a perpetual inventory system. - On March 1, Big Jay purchased 300 pairs on account with the terms 5/10,n/30. The terms were FOB shipping and the supplier shipped the socks on the same day. Big Jay agreed to pay $10 in shipping costs. - When the socks arrived on March 8, Big Jay discovered that some were dirty. Instead of shipping them back, Big Jay negotiated a $40 purchase allowance. - Big Jay also noticed that 10 pairs of socks had manufacturing defects, so those were returned to the supplier. - On March 9, Big Jay paid its supplier in full for the amount owed