Q3 come Marked out of 200 eBook Print Pag Question Perpetual System-Recording Inventory Related Entries using the Gross Method Columbus Music Inc. maintains a perpetual inventory system and uses the gross method to record purchases. The following transactions occurred during the month March 2020 for its major inventory line Prepare journal entries for transactions a through e Note: Round you answers to the nearest whole dollar Purchase of merchandise inventory on March 1, 2020, for 514400 on account, terms 1/10, 1/30 Date Account Name Dr. Mar 1 2030 . Paid cash of 51.44 for freight charges on March 1, 2020 related to the purchase Date Account Name Dr. Returned 5108 of merchandise on March 5, 2020, and received a credit from the vendor Data Act Name Dr Mar2020 d Paid the balance due to the vendor on March, 2020 Date A Name De CF Sold merchandise ventory on March 15.2020. for 59000 with a cost o 56.000 Date Acc Name De CH 0