Transactions for Park Gift Shop during the month of March are presented below. Mar. 5: Purchased $4,400 of merchandise inventory on account. 3/10, n/EOM and FOB shipping point. Mar. 9: Returned $700 of defective merchandise purchased on March 5. Mar. 11: Paid the freight bill of $250 on the March 5 purchase. Mar. 12'. Sold merchandise inventory on account for $5,200.. 2/15. n/SO. These goods cost the company i i $3.700. \\ Mar. 14: Paid amount owed on credit purchase of March 5, less the return and the discount. l Mar. 25: Received cash from the March 12 customer in full settlement of the debt. after discount. Required: Joumalize the March transactions for Park Gift Shop. Park uses a perpetual inventory system