Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method Mar. 3 Purchased $1,150 of merchandise made from recycled material from GreenWorld Company with credit terms of 2/15, n/60, invoice dated March 3, and FOB shipping point. 4 Paid $75 cash for shipping charges on the March 3 purchase 5 Returned to Greenworld unacceptable merchandise that had an invoice price of $150 18 Paid Greenworld for the March 3 purchase, net of the discount and the returned merchandise 19 Purchased $425 of fair trade merchandise from PeopleFirst Corp. with credit terms of 1/10, n/30, invoice dated March 19, and FOB destination 21 After negotiations, received from PeopleFirst a $25 allowance (for scuffed merchandise) toward the $425 owed on the March 19 purchase 29 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount View transaction list Journal entry worksheet 2 6 7 Purchased $1,150 of merchandise made from recycled material from GreenWorld Company with credit terms of 2/15, n/60, invoice dated March 3, and FOB shipping point. Note: Enter debits before credits. Date General Journal Debit Credit Mar 03