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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., $19,200, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $575 was added to the invoice 5. Purchased merchandise from Whitman Co., $11,100, terms FOB destination, n/30 10. Pald Haas Co. for invoice of March 1. 13. Purchased merchandise from Jost Co. $9,600, terms FOB destination, 1/10, /30. 14. Issued debit memo to Jost Co. for $1,800 of merchandise returned from purchase on March 13, 18. Purchased merchandise from Fairhurst Company, $12,300, terms FOB shipping point, n/eom. 18. Pald freight of s290 on March 18 purchase from Falrhurst Company 19. Purchased merchandise from Bickle Co., $12,850, terms FOB destination, 2/10, 1/30 23. f d Jost Co, for involce of March 13, less debit memo of March 14 Chapter 6 HW assignment take frame 29. Palu www 31. Pald 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 Britt Co. for March Mar 1 Journalize the entries to record the transactions of Britt Co. for March. Mar. 1 Mar. 5 Mar. 10 Mar. 13

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