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Exercise 4-4 (Algo) Purchasing transactions LO P1 Prepare joumal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual

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Exercise 4-4 (Algo) Purchasing transactions LO P1 Prepare joumal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method. March 3 Porchssed 91,280 of =ercbandiae from Greenworid copany with eredit terme of 2/15,n/60, livolee dated Hareh 3. and roo shipping polnt, Mareh 4 Paid 500 eash for Bhipping charqea on the Marek 3 purebase. Mareh 5 Heturned to Creneworld unaeeeptable nerchandiae that had an involee price of 5130. Warch 14 Faid Groeshor 1d for the Mareh 3 purebaio, set of the discount and the retarned merchandiae. Mareh 19 Purehased $440 of merchandlse from Reoplerirot Corporation with eredit terms of 1/10,n/30, isvolee datad march 19. and ros destinatioe. the Maren 19 parchane. march 29 Sent check to veoplerirat paying tot the Mareh 19 purchabe, not of the allevance and the discoant. Journal entry worksheet 234567 Furchased $1,160 of merchandise from GreenWorde Company with credit. tems of 215 , n60, invoice dated March 3 , and foe shipping point

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