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A company has the following transactions during March: March 3 Purchases inventory on account for...

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Accounting

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A company has the following transactions during March: March 3 Purchases inventory on account for $3,490, terms 3/10,n/30. March 5 pays freight costs of $220 on inventory purchased on March 3 . March 6 Returns inventory with a cost of $408. March 12 pays the fu11 amount due on March 3 purchase. March 29 Sells al1 inventory purchased on March 3 (less those returned on March 6) for $5,50e on account. Record all transactions, assuming the company uses a perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the flrst account fleid.) Journal entry worksheet 456 Record the purchase of inventory on account for $3,400, terms 3/10,n/30. Note: Enter debits before credits. Journal entry worksheet 456 Record the payment of freight costs of $220 on inventory purchased on March 3. Note: Enter debits before credits. Journal entry worksheet 6 Record the return of inventory with a cost of $400. Note: Enter debits before credits. Journal entry worksheet

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