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S. Prepare journal entries for the following transactions for Jane's Violin Shop applying the perpetual inventory system. Omit explanations Mar. 12 Purchased on account 2

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S. Prepare journal entries for the following transactions for Jane's Violin Shop applying the perpetual inventory system. Omit explanations Mar. 12 Purchased on account 2 boxes of bows for $120 1.5 16 Retumed 1 bow for $10 credit 22 Sold 3 bows for $150, cost $50. 29 Paid the balance due on account

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