Blossom Wholesalers uses a perpetual inventory system.

Mar.1 Stellar Stores purchases $8,500 of merchandise for resale from Blossom Wholesalers, terms 2/10, n/30, FOB shipping point.

2 The correct company pays $135 for the shipping charges.

3 Stellar returns $1.000 of the merchandise purchased on March 1 because it was the wrong colour. Blossom gives Stellar a $1,000 credit on its account.

21 Stellar Stores purchases an additional $11,500 of merchandise for resale from Blossom Wholesalers, terms 2/10, n/30, FOB destination.

22 The correct company pays $155 for freight charges.

23 Stellar returns $300 of the merchandise purchased on March 21 because it was damaged. Blossom gives Stellar a $300 credit on its account.

30 Stellar paid Blossom the amount owing for the merchandise purchased on March 1.

31 Stellar paid Blossom the amount owing for the merchandise purchased on March 21.

Additional information:

Mar.1 Blossom's cost of the merchandise sold to Stellar was $3,800.

3 Blossom's cost of the merchandise returned by Stellar was $447. As the merchandise was not damaged, it was returned to Blossom's inventory.

21 Blossom's cost of the additional merchandise sold to Stellar Stores was $5.141.

24 Blossom's cost of the merchandise returned by Stellar was $134. As the merchandise was damaged, it was put in the recycling bin.