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 FOE shipping point, 2/10, n/20. Prepaid freight of $650 was added to the 1. invoice. 5. Purchased merchandise from Whitman Co., $19,175, terms FOE 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 inveice of March 19. 31. Paid Fairhurst Company for invoice of March 18. 21. 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. 10 00 Mar. 5 Inventory Accounts Payable-Whitman Co. Mar. 10 Accounts Payable-Haas Co. V X X Cash Inventory Mar. 13 Inventory Accounts Payable-Jost Co. Mar. 14 Accounts Payable-Jost Co. V Inventory Mar. 18 Inventory Accounts Payable-Fairhurst Company Mar. 18 Inventory 1 0OO 100 00 00 00 00 00 000 10 00 000 000 00 00 00 00 00 000 80 Cash v Mar. 19 Inventory Accounts Payable-Bickle Co. Y V Mar. 23 Accounts Payable-Jost Co. Cash Inventory Mar. 29 Accounts Payable-Bickle Co. Cash Inventory Mar. 31 Accounts Payable-Fairhurst Company Cash 00 0 Mar. 31 Accounts Payable-Whitman Co. CashMar. 1 Inventory 43,900 Accounts Payable-Haas Co. Mar. 5 Inventory 19,175 Accounts Payable-Whitman Co. V 19,175 Mar. 10 Accounts Payable-Haas Co. V 43,250 X Cash V 42,385 X Inventory 865 Mar. 13 Inventory 15,550 Accounts Payable-Jost Co. 15,550 Mar. 14 Accounts Payable-Jost Co. 3,750 Inventory 3,750 Mar. 18 Inventory 13,560 Accounts Payable-Fairhurst Company 13,560 Mar. 18 Inventory 140 V Cash 140 Mar. 19 Inventory Accounts Payable-Bickle Co. V 6,500 Mar. 23 Accounts Payable-Jost Co. 15,550 X Cash 11,865 X Inventory 235 X Mar. 29 Accounts Payable-Bickle Co. V 6,500 Cash 6,370 Inventory 130 Mar. 31 Accounts Payable-Fairhurst Company V 13,560 Cash 13,560 Mar. 31 Accounts Payable-Whitman Co. 19,175 Cash 19,175