(Solved): Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recy ...

Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method. Karch 3 Purchased $\$1,290$ of merchandise trom Greenworld company with eredit terms of 2/15, n/60, invoice dated Mareh 3, and $FOB$ shipping point. Nareh 4 paid $\$85$ cash for shipping charges on the March 3 purchase. March 5 Returned to GreenWorld unaceeptable merchandioe that had an involce price of $\$140$. March $1\mathrm{i}$ Paid GreenWorld for the Mareh 3 parchase, net of the discount and the returned merchandige. March 19 Purchased 5830 of merchandise fron Peoplerirat Corporation with eredit terma of $1/10$, a/30, invoice dated March 19 , and FOB deetination. Mareh 21 After neqotiations, received from Peoplepirat a $\$30$ allowance (for ncuffed nerchandise) tovard the $\$330$ owed on the Mareh 19 purchase. Wareh 29 sent eheck to Feoplefirst paying for the Mareh 19 purchase, net of the allowance and tbe discount. Journal entry worksheet $34567$ Purchased $\$1,290$ of merchandise from GreenWorld Company with credit terms of $2/15,n/60$, invoice dated March 3, and FOB shipping point. Note? Enter debits before credits.