Purchase-related transactions
The following selected transactions were completed by Niles Co. during March of the current year:
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Mar. 1.
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Purchased merchandise from Haas Co., $43,250, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $650 was added to the invoice.
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5.
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Purchased merchandise from Whitman Co., $19,175, terms FOB destination, n/30.
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10.
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Paid Haas Co. for invoice of March 1, less discount.
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13.
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Purchased merchandise from Jost Co., $15,550, terms FOB destination, 2/10, n/30.
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14.
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Issued debit memo to Jost Co. for $3,750 of merchandise returned from purchase on March 13.
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18.
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Purchased merchandise from Fairhurst Company, $13,560, terms FOB shipping point, n/eom.
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18.
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Paid freight of $140 on March 18 purchase from Fairhurst Company.
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19.
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Purchased merchandise from Bickle Co., $6,500, terms FOB destination, 2/10, n/30.
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23.
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Paid Jost Co. for invoice of March 13, less debit memo of March 14 and discount.
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29.
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Paid Bickle Co. for invoice of March 19, less discount.
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31.
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Paid Fairhurst Company for invoice of March 18.
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31.
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Paid Whitman Co. for invoice of March 5.
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Instructions
Journalize the entries to record the transactions of Niles Co. for March.