Record the journal entries for the following transactions that occurred during the month of March for Magic Merchandisers. Inc using a perpetual inventory system. Mar. 1^st: Purchased merchandise on account from Oriental Industries S6.000 terms 2/10. n/30, FOB shipping point. $500 in freight cost was added to the invoice. Mar. 4^th: Purchased merchandise on account from Starlight Inc., list price $10.000. trade discount 30%. terms FOB destination 1/10. n/30. Mar. 6^th: Returned $1.050 ($1.500 list price less trade discount of 30%) of merchandise to Starlight Mar. 8^th: Sold merchandise inventory on account to Magic R Us for S8.000 terms 1/10, n/30, FOB destination. The cost of merchandise sold was $3.500. Mar. 11^th: Paid Oriental Industries for Mar. 1^st " purchase, less discount. Mar. 136th: Sold merchandise inventory for S3.000. Customer used a credit card to purchase the inventory. The cost of merchandise sold was $750. Mar. 14^th: Paid Starlight Inc. for Mar. 4^th purchase, less return of Mar. 6^th and discount. Mar. 16^th: Magic R Us returned $2.000 of inventory. Cost of the merchandise returned equaled S750. Mar. 18^th Received cash on account from Mar. 8^th sale to Magic R Us. less return on Mar. 16^th. less discount. Mar. 24^th: Sold merchandise inventory on account to Magik. list price SI.500. trade discount 20%, terms FOB destination 1/10. n/30. The cost of merchandise sold was $400. Mar. 31^st: Paid credit card fees to National Processing Center $150