Perpetual System-Recerding Inventory- Related Entries Using the Gross Method Columbus inc: maintains a perpetubl inventory sytem and uses the gross method to record purchases. The following transaxtions al relate to the comptrys purchase of merchandse imentory on March1. a. Purchase of meichandise imventory on Marct 1 for 528 , 800 on account terms 1110, nat. b. Faid cash of 52B for freight charges on March 1 retsted to the purchase: c. Returned $216 of merchandice on March 5 and receNed a credit fromi the vendor. d. Paid the balance due to the vendor on Mirch 3 . es Sold merchandise invetory on March ts for 51 ! 090 cash wth a cost of 512.000 Prepale jaurnal enthes for mansactionsa through e