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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 vear: 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 vear: Mar. 1. Purchased merchandise from Has C0, $9,000, terms FOb shipping point, 2/10, n/30. Prepaid freight of $225 was added to the involice: 5. Purchased merchandise from Whitman Co, $15,244, terms fob destination, Neom. 10. Paid Hass Co, for involice of March 1. 13. Purchased merchandise from / Jost C0,$13,000, terms FOB destination, 2/10,n/30, 14. Issued debit memo to Jost Co. for merchandise with an invoice amount of $4,600 returned from purchase on March 13 : 18. Purchased merchandise from Fairhurst-Company, $27,730, terms foe shipping point, rV/eom. 18. Paid freight of $410 on March 18 purchase from Fairhurst Company. 19. Purchased merchandise from Bickle C0,$21,600, 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 involce of March 19. 31. Paid Fairharst Company for involce of March 18. 31. Paid Whitman Co. for invoice of March 5. Required: Journalite the entries to record the transactions of Niles Co. for March. If an amount box does not require an entry, leave is blank

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