Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method.

Mar. 3 Purchased $1,350 of merchandise made from recycled material from GreenWorld Company with credit terms of 2/15, n/60, invoice dated March 3, and FOB shipping point.

4 Paid $80 cash for shipping charges on the March 3 purchase.

5 Returned to GreenWorld unacceptable merchandise that had an invoice price of $100.

18 Paid GreenWorld for the March 3 purchase, net of the discount and the returned merchandise.

19 Purchased $815 of fair trade merchandise from PeopleFirst Corp. with credit terms of 1/10, n/30, invoice dated March 19, and FOB destination.

21 After negotiations, received from PeopleFirst a $15 allowance (for scuffed merchandise) toward the $815 owed on the March 19 purchase.

29 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount.