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 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 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.