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., $10,850, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $225 was added to the invoice. 5. Purchased merchandise from Whitman Co., $13,056, terms FOB destination, n/30. 10. Paid Haas Co. for invoice of March 1. 13. Purchased merchandise from Jost Co., $12,400, terms FOB destination, 2/10, n/30. 14. Issued debit memo to Jost Co. for merchandise with an invoice amount of $4,950 returned from purchase on March 13. 18. Purchased merchandise from Fairhurst Company, $29,040, terms FOB shipping point, n/eom 18. Paid freight of $385 on March 18 purchase from Fairhurst Company. 19. Purchased merchandise from Bickle Co, $22,500, 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. Reauired: 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 Inventory Mar 1 10,850 X Accounts Payable-Haas Co. 10850 X Inventory Mar 5 Accounts Payable-Whitman Co. Mar 10 Accounts Payable-Haas Co Cash Mar 13 Inventory Accounts Payable-Jost Co. Mar 14 Accounts Payable-3ost Co. Inventory Mar 18 Inventory Accounts Payable-Fairhurst Company Next Check My Work ems debets % 7 4 3 2 R E K F D V C Z Search Textbook Solutions Chegg.com Calculator Print Item 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-Falrhurst Company Cash Mar 31 Accounts Payable-Whitman Co. Cash Next Check My Work W