Scott Co. uses a perpetual inventory system. During March 2021, the following transactions and events occurred. Mar 6 Purchased merchandise for $1,000 from Regency Company, terms 2/10, n/30, FOB shipping point. The appropriate part paid $50 freight charges. Mar 10 Returned defective items for $200 to Regency Company. Mar 16 Paid Regency Company in full. Mar 28 Purchased merchandise for $3,000 cash, FOB destination. The appropriate party paid $200 freight charges. Required: Record the previous transactions in the books of Scott Co. for the month of March. Paragraph III Date Account titles Dr Cr