On March 3, Byrde Inc purchases inventory on account for $3,700 with invoice terms of 2/10,n/30. Freight costs of $260, related to this purchase, were paid on March 5. On March 6, upon closer inspection, Byrde finds defective inventory with a cost of $400 and returns it. On March 12, Byrde pays the amount due for the March 3 purchase. Then, on March 29, Byrde sells the entire inventory which had been purchased on March 3, less the return, for $5,400 on account. Record all transactions for Byrde, assuming the company uses a perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 5 6 Record the purchase of inventory account for $3,700, terms 2/10, n/30. Note: Enter debits before credits Date March 03 Credit General Journal 'Accounts Receivable Sales Allowances Debit 3,700 st: 3,700 Record entry Clear entry View general Journal