1.00 points Following are the merchandising transactions for Chilton Systems 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 $145 of defective merchandise purchased on November 1 for a cash refund. (Note: Compute discounted amount of return since the return is after the payment date.) 4. On November 10, Chilton Systems pays $75 cash for transportation costs with the November 1 5. 6. On November 16, the customer retums merchandise from the November 13 transaction. The returned On November 13, Chilton Systems sells merchandise for $1,620 on credit. The cost of the merchandise is $810 items are priced at $245 and cost $123: the items were not damaged and were retumed to inventory. Journalize the above merchandising transactions for Chilton Systems assuming it uses a perpetual inventory system. Journal entry worksheet Record the Chilton Systems purchase of merchandise for $1,500 on credit with terms of 2/5, n/30, FOB shipping point; invoice dated November 1 Note: Enter debits before credits. Date General Journal Debit Credit Nov 01