(c) Mar 2 Freight in 125 Cash 125 (To record payment of freight on goods purchased on Mar 2. FOB shipping point) (d) Mar 8 Accounts Payable 300 Purchase Returns and Allowances 300 [To record the return of a portion of the goods purchased on account on Mar 2: see transaction (b) (e) Mar 11 Accounts Payable 3,600 Cash 3,528 A company has using the perpetual inventory system has recorded the following journal entries in March 2021 Mar 1 Cash 15,000 Accounts Receivable 15,000 (To record receipt of payment on account on sales to TST Company TST paid within the credit terms n/30)) (b) Mar 2 Inventory 3.900 Accounts Payable 3.900 (To record goods purchased on account, terms 2/10, 1/30) (C) 125 Mar 2 Freight in Mar 11 Accounts Payable 3.600 Cash 3,528 Inventory 72 [To record payment for remainder of goods purchased on Mar 2, see transaction (b)] Mar 15 Accounts Payable 1,950 Cash 1,950 (To record payment for goods purchased in February--no discount taken) Mar 31 Freight Out 225 Cash 225 254613 Mar 11 Accounts Payable Cash 3,600 Inventory 3528 [To record payment for remainder of goods purchased on Mar 2, see transaction (6) 72 () Mar 15 Accounts Payable 1.950 Cash 1.050 (To record payment for goods purchased in February-no discount taken) (9) Mar 31 Freight Out 225 Cash 225 (To record freight costs on sales to customer shipped FOB shipping point) (c) Mar 2 Freight in 125 Cash 125 (To record payment of freight on goods purchased on Mar 2. FOB shipping point) (d) Mar 8 Accounts Payable 300 Purchase Returns and Allowances 300 [To record the return of a portion of the goods purchased on account on Mar 2: see transaction (b) (e) Mar 11 Accounts Payable 3,600 Cash 3,528 Indicate if the journal entry is correct or not and if it is incorrect, State why and what the correction should be Short point form answers are recommended