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Post the transactions to the Merchandise Inventory account. Compare the total in this account with the total of the cash pais during March by Sandhill for the purchase of inventory. (Note: Assume there were no sales of irventory in Marchil (Pest enitrict in. the order of journal entries presented in the previous part.) Sandhill Stores is a new company that started operations on March 1, 2024. The company has decided to use a perpetual imventory system. The followins purchase transactions occurred in March: Mar. Sandhill Stores purchases $8,800 of merchandise for resale from Octagon Wholesalers, terms 2/10,n/30,FOB shipping 1 point. 2 The correct comparw pars $175 for the shipping charges. 3 Sandhill returns $1.100 of the merchandise purchased an March 1 because it was the wrong colour. Octagon 1 ves 5 andhill a $1,100 credit on its account. 21 Sandhili Stores purchases an additional $13,500 of merchandise for resale from Octagon Wholesaiers, terms 2/10,n/30, FOBdestination. 22. The correct company pays $185 for freight charges. 23 Sandhili returns $450 of the merchandise purchased on March 21 because it was damaged Octagon gives 5 andhill a 5450 credit on its account. 30. Sandhill paid Octagon the amount owing for the merchandise purchased on March 1. 31 Sandhill paid Octagon the amount owing for the merchandise purchased on March 21