Credit 310 Journal - Periodic System Accounts and Explanations Debit Purchases 21,000 Acces pay FOB shipping Point 21,000 3/12 300 Freight in casn pay the 300 freight 3/15 300 Purchase retum Allts, pagable Return I 300 3/19 Exercise 5-1A Discount yes or no? Amount of Discount Discount Expires Amount received Accts par LOS (Appendix 5A) E5-8A. Journal Entries for Purchase, Return, and Remittance-Periodic System On March 10, Horne Company purchased $21,000 worth of merchandise from James Company, terms 1/10, n/30. On March 12. Home paid 5300) freight on the shipment. On March 15, Home returned $300 of merchan dise for credit, Final payment was made to James on March 19. Horne Company uses the periodic Inventory system, Required Prepare the journal entries that Horne should make on March 10, March 12, March 15, and March 10