Purchase-Related Transactions Using Periodic Inventory System Selected transactions for Niles Co. during March of the current year are shown below. Mar. 1. Purchased merchandise from Haas Co., $43,250, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $650 was added to the invoice. 5. Purchased merchandise from Whitman Co., $19,175, terms FOB destination, n/30. 10. Paid Haas Co. for invoice of March 1. 13. Purchased merchandise from Jost Co., $15,550, terms FOB destination, 2/10, n/30. 14. Issued debit memo to Jost Co. for merchandise with an invoice amount of $3,750 returned from purchase on March 13. 18. Purchased merchandise from Fairhurst Company, $13,560, terms FOB shipping point, n/eom. 18. Paid freight of $140 on March 18 purchase from Fairhurst Company. 19. Purchased merchandise from Bickle Co., $6,500, terms FOB destination, 2/10, n/30. 23. Paid Jost Co. for invoice of March 13, less debit memo of March 14. 29. Paid Bickle Co. for invoice of March 19. 31. Paid Fairhurst Company for invoice of March 18. 31. Paid Whitman Co. for invoice of March 5. C Journalize the entries to record the transactions of Niles Co. for March using the periodic inventory system. If an amount box does not require an entry, leave it blank. Mar. 1 Purchases Mar. 5 Purchases 19,175 Accounts Payable-Whitman Co. 19,175 Mar. 10 Accounts Payable-Haas Co. Cash X 43,035 Mar. 13 Purchases 15,550 Accounts Payable-Jost Co. 15,550 Mar. 14 Accounts Payable-Jost Co. 3,750 Purchases Returns and Allowances 3,750 > Mar. 18 Purchases X Accounts Payable-Fairhurst Company X Mar. 18 Cash X Mar. 19 Mar. 23 Accounts Payable-Jost Co. X Accounts Payable-Jost Co. Mar. 29 Accounts Payable-Bickle Co. X XXX XXX X X Mar. 31 Accounts Payable-Fairhurst Company 13,560 Cash X Mar. 31 Accounts Payable-Whitman Co. Cash x X