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 2020 to record the following transactions. Assume a perpetual inventory system. Mar. 2 Purchased jeans from Paige Denim under the following terms: $4,200 invoice price, 2/15, n/60, FOB shipping point. 3 Paid $350 for shipping charges on the purchase of March 2. 4 Returned to Paige Denim unacceptable merchandise that had an invoice price of $400. 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: $9,600 invoice price, 2/10, n/30, FOB destination. 21 After brief negotiations, received from J Brand a $2,100 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. View transaction list > 1 Record purchase of merchandise on credit; terms 2/15, n/60, FOB shipping. pping. 2 Record payment of shipping charges for purchased merchandise. 3 Record entry for return of unacceptable merchandise. 4 Credit Record payment made for merchandise purchased on March 2 within the discount period. 5 Record the purchase of merchandise on credit; terms 2/10, n/30, FOB destination. 6 Record the receipt of an allowance on purchase. Note : = journal entry has been entered Record entry Clear entry View general journal 7 Record the payment on merchandise purchased on March 18 within the discount period. Note : = journal entry has been entered Record entry Clear entry View general journal