Journal Entries for Purchase, Return, and Remittance-Periodic System On March 10, Horton Company purchased $18,000 worth of merchandise from James Company, terms 1/10,n/30. On March 12. Horton paid $160 freight on the shipment. On March 15, Horton returned $200 of merchandise for credit. Final payment was made to James on March 19. Horton Company uses the periodic inventory system. Required Prepare the journal entries that Horton should make on March 10, March 12, March 15, and March 19