entries for march 6, 12, and 29

A company has the following transactions during March: March 3 Purchases inventory on account for $3,700, terms 3/10, n/30. March 5 Pays freight costs of $260 on inventory purchased on March 3. March 6 Returns inventory with a cost of $600. March 12 Pays the full amount due on March 3 purchase. March 29 Sells all inventory purchased on March 3 (less those returned on March 6) for $5,700 on account. Record all transactions, including the month-end adjustment to cost of goods sold, assuming the company uses a periodic inventory system and has no beginning inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Pays the full amount due on March 3 purchase. Note: Enter debits before credits. Date General Journal Debit Credit March 12 Record entry Clear entry View general journal