Moving to another question will save this response Otin 1307 Question 13 prints Prepare journal entries to record the following transactions for a retail store. Assume a perpetual inventory system is used, March 1: Purchased merchandise from Alpha Company under the following terms: 56,500 price, invoice dated March 1, credit terms of 2/10, 160, and FOB shipping point. 1 marks) March 2: Returned to Alpha Company unacceptable merchandise that had an invoice price of $500. (1 marks) March 10: Sent a check to Alpha Company for the March 1 purchase, net of the discount and the returned merchandise. (1 mark) March 15: Sold merchandise for $4,000, granting the customer terms of 2/10, EOM; invoice dated March 15. The cost of the merchandise is $2.400(2 marks) For the toolbar, press ALT+F10 (PC) or ALTOFN+F10 (Mac), A Arial I. XOGQ5 B IV & Paragraph v 14px MacBook Air