Prepare the journal entries to record the following purchase transactions in Wildhorse Company's books. Wildhorse uses a perpetual inventory system Mar 12 13 14 21 Wildhorse purchased $23,000 of merchandise from Dalibor Company, terms 2/10,n/30, FOB destination. The correct company paid freight costs of $195. Wildhorse returned $1,500 of the merchandise purchased on March 12 because it was damaged. Wildhorse paid the balance owing to Dalibor. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Merchandise Inventory Debit Credit Mar 12 23000 2300 Accounts Payable (To record purchase on account.) Merchandise Inventory Mar 13 195 Cash 195 Mar 14 Accounts Payable 1500 Purchase Returns and Allowances (To record purchase return) Accounts Payable 1500 Mar 21 21500 Purchase Discounts 430 Cash (To record payment on account.) 21070