1. On November 1 Chilton Systems purchases merchandise for $1,500 on credit with terms of 2/5 n/30, FOB shipping point invoice dated November 1 2. On November 5, Chilton Systems pays cash for the November 1 purchase 3. On November 7, Chilton Systems discovers and returns $200 of defective merchandise purchased on November 1 for a cash refund 4. On November 10. Chilton Systems pays $90 cash for transportation costs with the November 1 purchase. 5. On November 13, Chilton Systems sells merchandise for $1600 on credit. The cost of the merchandise is $800. 6. On November 16, the customer returns merchandise from the November 13 transaction. The returned items sell for $300 and cost $130. The merchandise is returned to inventory Prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system is used if no entry is required for a particular transaction, select "No journal entry required in the first account field.)