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i need all 7 entry thank you. Exercise 5-4 (Static)...

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Accounting

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Exercise 5-4 (Static) Purchasing transactions LO P1 Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method. March 3 Purchased $1,150 of merchandise fron Greenkorld Company with credit terns of 2/15,n/60, invoice dated March March 4 Paid 575 cash for shipping charges on the March 3 purchase, March 5 Returned to GreenWorld unacceptable merchandise that had an invoice price of $150. March 18 Paid Greenworld for the March 3 purchase, net of the discount and the returned merchandise. March 19 Purchased $425 of merchandise fron Peoplefirst Corporation with credit terms of 1/10,n/30, invoice dated March 19, and FoB destination. After negotiations, received fron Peoplefirst a $25 allowance (for scuffed merchandise) toward the $425 owed March 21 After negotiations, receive March 29 Sent check to Peoplefirst paying for the March 19 purchase, net of the allowance and the discount. Journal entry worksheet 34567 Purchased $1,150 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

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