Mar.31 inventory and cash?

View Policies Current Attempt in Progress Carla Vista Stores is a new company that started operations on March 1, 2021. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March: Mar. 1 Carla Vista Stores purchases $ 8,700 of merchandise for resale from Octagon Wholesalers, terms 2/10, n/30, FOB shipping point. 2 3 The correct company pays $ 140 for the shipping charges. Carla Vista returns $ 1.200 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Carla Vista a $ 1.200 credit on its account. 21 Carla Vista Stores purchases an additional $ 14,000 of merchandise for resale from Octagon Wholesalers, terms 2/10, n/30, FOB destination. 22 23 The correct company pays $195 for freight charges. Carla Vista returns $ 600 of the merchandise purchased on March 21 because it was damaged. Octagon gives Carla Vista a $ 600 credit on its account. 30 31 Carla Vista paid Octagon the amount owing for the merchandise purchased on March 1. Carla Vista paid Octagon the amount owing for the merchandise purchased on March 21, Prepare Carla Vista Stores' journal entries to record the above transactions. (Credit account titles are automatically Indented when the amounts antaadi Danatadant maanan enteramired selantan Mar. 30 Accounts Payable 7500 Cash 7500 (Payment on account.) Tar 31 Accounts Payable 13400 Merchandise Inventory Cash (Payment on account.) List of Accounts ost the transactions to the Merchandise Inventory account. Compare the total in this account with the total of the cash paid uring March by Carla Vista for the purchase of inventory. (Note: Assume there were no sales of inventory in March.) (Post atries in the order of journal entries presented in the previous part.) MacBook Air