Tme remalning: 0:51:57 15 A company has the following transactions during March March 3 Purchases inventory on account for $3,200, terms 2/10, n/30. March 5 Pays freight costs of $280 on inventory purchased on March 3. March 6 Retums inventory with a cost of $500 March 12 Pays the full amount due on March 3 purchase March 29 Sells all inventory purchased on March 3 (less those retumed on March 6) for $5,400 on account. Record all transactions, including the month-end adjustment to cost of goods sold, assuming the company uses a periodic inventory system and has no beginning inventory. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchases inventory on account for $3,200, terms 2/10, n/30 Note: Enter debits before credits. Date General Journal Deblt Credit March 03