Jaleh Mehr is the owner of the retail store $151$ Jeans. She purchases jeans from a number of manufacturers to bring great style and fit to her customers. Prepare journal entries for March $2023$ to record the following transactions. Assume a perpetual inventory system.

Mar. $2$ Purchased jeans from Paige Denim under the following terms: $$3,700$ invoice price, $2/15,$ n$/60,$ FOB shipping point.

$3$ Paid $$300$ for shipping charges on the purchase of March $2.$

$4$ Returned to Paige Denim unacceptable merchandise that had an invoice price of $$400.$

$17$ Sent a cheque to Paige Denim for the March $2$ purchase, net of the returned merchandise and applicable discount.

$18$ Purchased jeans from J Brand under the following terms: $$8,600$ invoice price, $2/10,$ n$/30,$ FOB destination.

$21$ After brief negotiations, received from J Brand a $$1,600$ allowance on the purchase of March $18.$

$28$ Sent a cheque to J Brand paying for the March $18$ purchase, net of the discount and the allowance.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

Record purchase of merchandise on credit; terms $\frac{2}{15},\frac{n}{60},$ FOB shipping.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$]]$