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 , $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 $3,750 of merchandise 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 Accounts Payable Haas Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts Payable Haas Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Mar 5 Accounts Payable Whitman Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts Payable Whitman Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Mar 10 Accounts Payable Haas Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts Payable Haas Co CashCost of Merchandise SoldSalesSales Discounts Select Select Mar 13 Accounts Payable Jost Co CashCost of Merchandise SoldMerchandise InventorySales Returns and Allowances Select Select Accounts Payable Jost Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Mar 14 Accounts Payable Jost Co CashCost of Merchandise SoldSales DiscountsSales Returns and Allowances Select Select Accounts Payable Jost Co Cost of Merchandise SoldMerchandise InventorySales DiscountsSales Returns and Allowances Select Select Mar 18 purchase Accounts Payable Fairhurst CompanyCost of Merchandise SoldMerchandise InventorySales DiscountsSales Returns and Allowances Select Select Accounts Payable Fairhurst CompanyCashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Mar 18 freight Accounts Payable Jost Co CashCost of Merchandise SoldMerchandise InventorySales Returns and Allowances Select Select Accounts Payable Jost Co CashMerchandise InventorySales DiscountsSales Returns and Allowances Select Select Mar 19 Accounts Payable Bickle Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts Payable Bickle Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Mar 23 Accounts Payable Jost Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts PayableCashCost of Merchandise SoldDelivery ExpenseSales Discounts Select Select Mar 29 Accounts Payable Bickle Co CashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts Payable Bickle Co CashCost of Merchandise SoldSalesSales Discounts Select Select Mar 31 Fairhurst Accounts Payable Fairhurst CompanyCashCost of Merchandise SoldMerchandise InventorySales Discounts Select Select Accounts Payable Fairhurst CompanyCashCost of Merchandise SoldSales DiscountsSales Returns and Allowances Select Select Mar 31 Whitman Accounts Payable Whitman Co Cost of Merchandise SoldMerchandise InventorySales DiscountsSales Returns and Allowances Select Select Accounts Payable Fairhurst CompanyCashMerchandise InventorySalesSales Discounts Select Select

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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

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., $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 $3,750 of merchandise 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	Accounts Payable-Haas Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Payable-Haas Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
Mar. 5	Accounts Payable-Whitman Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Payable-Whitman Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
Mar. 10	Accounts Payable-Haas Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Payable-Haas Co.CashCost of Merchandise SoldSalesSales Discounts	- Select -	- Select -
Mar. 13	Accounts Payable-Jost Co.CashCost of Merchandise SoldMerchandise InventorySales Returns and Allowances	- Select -	- Select -
	Accounts Payable-Jost Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
Mar. 14	Accounts Payable-Jost Co.CashCost of Merchandise SoldSales DiscountsSales Returns and Allowances	- Select -	- Select -
	Accounts Payable-Jost Co.Cost of Merchandise SoldMerchandise InventorySales DiscountsSales Returns and Allowances	- Select -	- Select -
Mar. 18-purchase	Accounts Payable-Fairhurst CompanyCost of Merchandise SoldMerchandise InventorySales DiscountsSales Returns and Allowances	- Select -	- Select -
	Accounts Payable-Fairhurst CompanyCashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
Mar. 18-freight	Accounts Payable-Jost Co.CashCost of Merchandise SoldMerchandise InventorySales Returns and Allowances	- Select -	- Select -
	Accounts Payable-Jost Co.CashMerchandise InventorySales DiscountsSales Returns and Allowances	- Select -	- Select -
Mar. 19	Accounts Payable-Bickle Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Payable-Bickle Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
Mar. 23	Accounts Payable-Jost Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts PayableCashCost of Merchandise SoldDelivery ExpenseSales Discounts	- Select -	- Select -
Mar. 29	Accounts Payable-Bickle Co.CashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Payable-Bickle Co.CashCost of Merchandise SoldSalesSales Discounts	- Select -	- Select -
Mar. 31-Fairhurst	Accounts Payable-Fairhurst CompanyCashCost of Merchandise SoldMerchandise InventorySales Discounts	- Select -	- Select -
	Accounts Payable-Fairhurst CompanyCashCost of Merchandise SoldSales DiscountsSales Returns and Allowances	- Select -	- Select -
Mar. 31-Whitman	Accounts Payable-Whitman Co.Cost of Merchandise SoldMerchandise InventorySales DiscountsSales Returns and Allowances	- Select -	- Select -
	Accounts Payable-Fairhurst CompanyCashMerchandise InventorySalesSales Discounts	- Select -	- Select -