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Unite Inc. maintains a periodic inventory system and uses the gross method to record purchases. The following transactions all relate to the company's purchase of merchandise inventory on March 1.

1. Purchase of merchandise inventory on March 1 for $38,400 on account, terms 1/10, n/30.
2. Paid $384 cash for freight charges on March 1 related to the purchase.
3. Returned $288 of merchandise on March 5 and received a credit from the vendor.
4. Paid the balance due to the vendor on March 8.
5. Sold merchandise inventory on March 15 for $24,000 cash.

Prepare journal entries for transactions a through e.

Note: Round your answers to the nearest whole dollar.

Periodic 5ystem - Recording Inventory- Related tntries Using the Gross Method a. Purchase of merchandise imventory on March 1 for $38,400 an account, terms 1/10,n/30. b. Paid $384 cash for freight charges on March 1 related to the purchase. c. Returned $288 of merchandise on March 5 and received a credit from the vendor. d. Paid the balance due to the vendor on March 8. e. Sold merchandise inventory on March 15 for $24,000 cash. Prepare journal entries for transactions a through e. - Note: Round your answers to the nearest whole dollar