Purchase Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co. during March of the current year: Mar. 1. Purchased merchandise from Haas Co., $18,800, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $600 was added to the invoice 5. Purchased merchandise from Whitman Co., $12,700, terms FOB destination, 1/30 10. Paid Haas Co. for involce of March 1 13. Purchased merchandise from Jost Co., 59,900, terms Foo destination, 1/10, 1/30, 14. Issued debit memo to Jost Co. for $1,900 of merchandise returned from purchase on March 13. 18. Purchased merchandise from Farhurst Company, $12,700, terms FOB shipping point, w/com 18. Pald freight of $200 on March 18 purchase from Fairburst Company 19. Purchased merchandise from siddeco $8,500, terms FOB destination, 2/10, 1/30, 23. Pald Jost Co. for involce of March 13, less debit memo of March 14, 29. Pald Elche Co. for involce of March 19. 31. Paid Fathurst Company for invoice of March 18 Journalize the entries to record the transactions of Britt Co. for March. Mar. 1 Merchandise Inventory Accounts Payable-Haas Co. Mar. 5 Merchandise Inventory Accounts Payable-Whitman Co. Mar. 10 Accounts Payable-Haas Co. Cash Mar. 13 Merchandise Inventory ] 0 0 0 0 0 0 0 / Accounts Payable-Jost Co. Mar. 14 Accounts Payable Jost Co. Merchandise Inventory Mar. 18-purchase Merchandise Inventory Accounts Payable Fairhurst Company Mar. 18-freight Merchandise Inventory Accounts Payable Fairhurst Co. Mar. 19 Merchandise Inventory Accounts Payable-Bickle Co. Mar. 23 Accounts Payable-Jost Co. Cash 1 1 1 0 0 0 0 0 Mar. 29 Accounts Payable-Bickle Co. Cash Mar. 31-Fairhurst Accounts Payable-Fairhurst Company Cash Mar. 31-Whitman Accounts Payable Whitman Co. Cash