Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method. March 3 Purchased $1,100 of merchandise from GreenWorld Company with credit terms of 2/15, n/60, invoice dated March 3, and FOB shipping point. March 4 Paid $75 cash for shipping charges on the March 3 purchase. March 5 Returned to GreenWorld unacceptable merchandise that had an invoice price of $150. March 18 Paid GreenWorld for the March 3 purchase, net of the discount and the returned merchandise. March 19 Purchased $715 of merchandise from Peoplefirst Corporation with credit terms of 1/10, n/30, invoice dated March 19, and FOB destination. March 21 After negotiations, received from Peoplefirst a \$15 allowance (for scuffed merchandise) toward the \$715 owed on the March 19 purchase. March 29 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount. Journal entry worksheet 7 Purchased $1,100 of merchandise from GreenWorld Company with credit terms of 2/15,n/60, invoice dated March 3 , and FOB shipping point. Note: Enter debits before credits. Journal entry worksheet 7 Paid $75 cash for shipping charges on the March 3 purchase. Note: Enter debits before credits. Journal entry worksheet 1 7 Returned to GreenWorld unacceptable merchandise that had an invoice price of $150. Note: Enter debits before credits. Journal entry worksheet 1 7 Paid GreenWorld for the March 3 purchase, net of the discount and the returned merchandise. Note: Enter debits before credits. Journal entry worksheet Purchased $715 of merchandise from PeopleFirst Corp. with credit terms of 1/10,n/30, invoice dated March 19, and FOB destination. Note: Enter debits before credits. Journal entry worksheet After negotiations, received from Peoplefirst a $15 allowance (for scuffed merchandise) toward the $715 owed on the March 19 purchase. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 5 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount. Note: Enter debits before credits