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Ilowing selected transactions were completed by Niles Co . during March of the current year, Niles Co . uses the n a perpetual inventory system.

Ilowing selected transactions were completed by Niles Co. during March of the current year, Niles Co. uses the n a perpetual inventory system.
lar. 1. Purchased merchandise from Haas Co., $43,250, terms FOB shipping point, 210, N/eom. Prepsid freight added to the involce.
5. Purchased merchandise from Whitman Co7,$19,175, terms FOB destination, n30.
10. Paid Haes Co. for invoice of March 1.
13. Purchased merchand se from Jost Co., $15,550, terms FOB destination, 210,30.
14. Issued debit memo to Jost Co. for merchandise with an inwoice amount of $3,750 returned from purchas 13.
18. Purchased merchandise from Fairhurst Company, $13,560, terms FOB shipping point, n/eam.
18. Paid freight of $140 on March 18 purchase from Fairhurst Company.
19. Purchased merchandise from Bickle Co., $6,500, tarms FOQ destination, 210,n30.
23. Paid Jost Co. for involce of March 13, less debit memo of March 14.
29. Paid Bickle Co. for involce of March 19.
31. Paid Faimurst Company for invoice of March 18.
31. Pald Whitman Co, for involce of March 5,
ired:
ze the entries to record the transactions of Niles Co. for March.
mount box does not require an entry, leave it blank.
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