Purchase-related transactions using perpetual inventory system The following selected transactions were completed by Niles Co. during March of the current year: Mar. Purchased merchandise from Haas Co., $43,250, terms FOB shipping point, 2/10, n/30. Prepaid freight of $650 was added to the 1. invoice. 5. Purchased merchandise from Whitman Co., $19,175, terms FOB destination, n/eom. 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. Required: Journalize the entries to record the transactions of Niles Co. for March. If an amount box does not require an entry, leave it blank. Mar. 1 Inventory Accounts Payable-Haas Co. Mar. 5 Inventory 19,175 Accounts Payable-Whitman Co. 19,175 Mar. 10 Accounts Payable-Haas Co. Cash Inventory Mar. 13 Inventory 15,239 Accounts Payable-Jost Co. 15,239 Mar. 14 Accounts Payable-Jost Co. Inventory 3,675 3,675 Mar. 18 Inventory 13,560 Accounts Payable-Fairhurst Company 13,560 Mar. 18 Inventory Cash 140 140 Mar. 19 Inventory 6,370 Accounts Payable-Bickle Co. Mar. 23 Accounts Payable-Jost Co. Cash Inventory Mar. 29 Accounts Payable-Bickle Co. Cash Inventory 000000 6,370 00000 Mar. 31 Accounts Payable-Fairhurst Company 13,560 Cash 13,560 Mar. 31 Accounts Payable-Whitman Co. Cash 19,175 19,175