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Purchase-related transactions using perpetual inventory system The following selected transactions were completed by Nies co, during March of the current year: Mar. 1. Purchased merchandise

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Purchase-related transactions using perpetual inventory system The following selected transactions were completed by Nies co, during March of the current year: Mar. 1. Purchased merchandise from Haas Co., $10,950, terms FoB shipping point, 2/10, n/30. Prepaid frelght of $215 was added to the invoice. 5. Purchased merchandise from Whitman CO4,$13,356, terms FOO destination, N eam. 10. Paid Haas Co. for invoice of March 1 . 13. Purchased merchandlse from Jost CO4,$14,650, terms FOB destination, 2/10,r/30, 14. Issued debit merno to Jost Co. for merchandise with an invoice amount of $4,800 returned from purchase on March 13. 18. Purchased merchandise from Fainurst compark, $27,160, terms fob shipping point, n/eom. 18. Paid freight of $360 on March 18 purchase from Fainhust Company. 19. Purchased merchandise from Bickie Co. 519,500, terms FOB destrnation 2/10, n/30, 23. Paid Jost Ca. for invoice of March 13, less debit memo of March 14. 29. Paid Bickle co. for inwoice of March 19. 31. Pald Fairhuist Company for invoice of March 18. 31. Paid Whitman Co. for involce of March 5. Required: Joumalize the entries to record the transactions of Niles Co. for March. If an amount box does not require an entry, leave it blank

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