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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

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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., $13,900, terms FOB shipping point, 2/10,n/eom. Prepaid freight of $425 was added to the invoice 5. Purchased merchandise from Whitman Co., $13,900, terms FOB destination, n/30 10. Pald Haas Co. for invoice of March 1. 13. Purchased merchandise from Jost Co., $3,200, terms FOB destination, 1/10, 1/30. 14. Issued debit memo to Jost Co, for $1,600 of merchandise returned from purchase on March 13. 18. Purchased merchandise from Fairhurst Company, $14,600, terms FOB shipping point, n/eom. 18. Pald freight of $230 on March 18 purchase from Fairhurst Company 19. Purchased merchandise from Bickle Co., $8,850, terms FOB destination, 2/10, 1/30. 23. Pald Jost Co, for invoice of March 13, less debit memo of March 14. 29. Pald Bickle Co, for invoice of March 19. 31. Pald Fairhurst Company for Invoice of March 18. 31. Pald Whitman Co. for invoice of March 5. Required: Journalize the entries to record the transactions of Britt Co. for March Mar Required: Journalize the entries to record the transactions of Britt Co. for March. Mar. 1 Mar. 5 Mar. 10 Mar. 13

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