Purchase-Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Niles Co. during March of the current year. Niles Co. uses the net method under a perpetual inventory system.

Mar. 1.	Purchased merchandise from Haas Co., $9,700, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $230 was added to the invoice.
5.	Purchased merchandise from Whitman Co., $13,639, terms FOB destination, n/30.
10.	Paid Haas Co. for invoice of March 1.
13.	Purchased merchandise from Jost Co., $12,600, terms FOB destination, 2/10, n/30.
14.	Issued debit memo to Jost Co. for merchandise with an invoice amount of $4,300 returned from purchase on March 13.
18.	Purchased merchandise from Fairhurst Company, $24,590, terms FOB shipping point, n/eom.
18.	Paid freight of $365 on March 18 purchase from Fairhurst Company.
19.	Purchased merchandise from Bickle Co., $22,100, terms FOB destination, 1/10, 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
	Accounts Payable-Whitman Co.
Mar. 10	Accounts Payable-Haas Co.
	Cash
Mar. 13	Inventory
	Accounts Payable-Jost Co.
Mar. 14	Accounts Payable-Jost Co.
	Inventory
Mar. 18	Inventory
	Accounts Payable-Fairhurst Company
Mar. 18	Inventory
	Cash
Mar. 19	Inventory
	Accounts Payable-Bickle Co.
Mar. 23	Accounts Payable-Jost Co.
	Cash
Mar. 29	Accounts Payable-Bickle Co.
	Cash
Mar. 31	Accounts Payable-Fairhurst Company
	Cash
Mar. 31	Accounts Payable-Whitman Co.
	Cash