P5A-43B (similar to) Journalize the following transactions that occurred in March 2016 for Downton Company. Assume Downton uses the periodic inventory system. No explanations are needed. Identify each accounts payable and accoun (Click the icon to view the transactions.) Mar. 3: Purchased merchandise inventory on account from Sheldon Wholesalers. $6.400. Terms 1/15, n/EOM, FOB shipping point. Date Accounts Debit Credit Mar. 3 More Info Mar. 3 4 4 6 8 9 10 12 13 15 Purchased merchandise inventory on account from Sheldon Wholesalers, $8,400. Terms 1/15, n/EOM, FOB shipping point. Paid freight bill of $85 on March 3 purchase. Purchased merchandise inventory for cash of $1,100. Returned $700 of inventory from March 3 purchase. Sold merchandise inventory to Herenda Company. $4,400, on account. Terms 3/15, n/35 Purchased merchandise inventory on account from Tapia Wholesalers, $5.600. Terms 1/10. n/30, FOB destination. Made payment to Sheldon Wholesalers for goods purchased on March 3. less return and discount. Received payment from Herenda Company, less discount. After negotiations, received a $500 allowance from Tapia Wholesalers. Sold merchandise inventory to Java Company. $1,800, on account. Terms 2/10, n/EOM. Made payment, less allowance, to Tapia Wholesalers for goods purchased on March 9 Java Company returned $500 of the merchandise sold on March 15 Sold merchandise inventory to Sciavone for $700 on account. Terms of 2/10. n/30 were offered, FOB shipping point. After negotiations, granted a $100 allowance to Sciavone for merchandise sold on March 25 Received payment from Sciavone, less allowance and discount Received payment from Java Company, less return. 22 23 25 26 29 30 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 15 parts Clear All remaining