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Bit Coin Products had the following transactions listed below. Omit explanations. March 3 6 7 12 13 14 23 Purchased $3,200 of merchandise on credit,

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Bit Coin Products had the following transactions listed below. Omit explanations. March 3 6 7 12 13 14 23 Purchased $3,200 of merchandise on credit, terms 2/10, n/60. Returned $400 of the goods purchased on June 3. Paid freight charges of $280 on goods purchased on June 3. Paid for the goods purchased on June 3. Sold goods on credit to Petty Shrew for $4,000, terms 1/10, n/30. The goods had cost $1,800 Petty Shrew returned $400 of the goods for full credit. Received payment from Petty Shrew in full. REQUIRED: In the books of the company record the necessary journal entries, assuming use of the periodic inventory system

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