Carla Vista Wholesalers uses a perpetual inventory system. 3 Mar. Stellar Stores purchases $8.600 of merchandise for resale from Carla Vista Wholesalers, terms 2/10,n/30. FOB 1 shipping point 2 The correct company pays $140 for the shipping charges. Stellar returns $1.000 of the merchandise purchased on March 1 because it was the wrong colour. Carla Vista gives Stellar a $1,000 credit on its account. Stellar Stores purchases an additional $14.000 of merchandise for resale from Carla Vista Wholesalers. terms 2/10, n/30, FOB destination The correct company pays $155 for freight charges. Stellar returns $350 of the merchandise purchased on March 21 because it was damaged. Carla Vista gives Stellar a $350 credit on its account Stellar paid Carla Vista the amount owing for the merchandise purchased on March 1. Stellar paid Carla Vista the amount owing for the merchandise purchased on March 21 21 22 23 30 31 Additional information: Mar. 1 3 Carla Vista's cost of the merchandise sold to Stellar was $4.000. Carla Vista's cost of the merchandise returned by Stellar was $465. As the merchandise was not damaged, it was returned to Carla Vista's inventory. Carla Vista's cost of the additional merchandise sold to Stellar Stores was $6,512. Carla Vista's cost of the merchandise returned by Stellar was $163. As the merchandise was damaged, it was put in the recycling bin. 21 23 Prepare Carla Vista Wholesalers' journal entries to record the sales transactions with Stellar. Remember to record the freight and cash receipt transactions as appropriate. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record sales on account.) (To record cost of goods sold)