Homework Chapter 5 eBook The following selected transactions were completed by teles Co. during March of the current year reles Co. uses the net method under a perpetual inventory system. Mar. 1. Purchased merchandise from Haas Co, $10,550, terms FOB shipping point, 2/10, ri/eom. Prepaid freight of $240 was added to the invoice. 5. Purchased merchandise from Whitman Co, $15,609, terms FOB destination, n/30. 10. Paid Haas Co. for invoice of March 1 13. Purchased merchandise from Jost Co. $12,550, terms FOB destination, 2/10, 6/30. 14. Issued debit memo to Jest Co, for merchandise with an invoice amount of $4.550 returned from purchase on March 1 13. 18. Purchased merchandise from Fairhurst Company, $20,010, terms FOB shipping point, neom. 18. Paid freight of $400 on March 18 purchase from Fairhurst Company 19. Purchased merchandise from Bickle Co, $22,300, terms FOB destination, 1/10, n/30 23. Paid Jost Co. for invoice of March 13, less debit mamo of Harch 14 29. Paid Bickle Co. for invoice of March 19. 31. Paid Fairhurst Company for invoice of March 18 31. Paid Whitman Co. for invoice of March 5 Required Journalize the entries to record the transactions of Niles Co. for March If an amount box does nut require an entry, leave it blank Mar. 1