Carla Vista Wholesalers uses a perpetual inventory system. 

Mar. 1Stellar Stores purchases $8,900 of merchandise for resale from Carla Vista Wholesalers, terms 2/10, n/30, FOB shipping point. 

2 The correct company pays $155 for the shipping charges. 

3Stellar returns $1,200 of the merchandise purchased on March 1 because it was the wrong color. Carla Vista gives Stellar a $1,200 credit on its account. 

21Stellar Stores purchases an additional $14,000 of merchandise for resale from Carla Vista Wholesalers, terms 2/10, n/30, FOB destination. 

22The correct company pays $160 for freight charges. 

23Stellar returns $350 of the merchandise purchased on March 21 because it was damaged. Carla Vista gives Stellar a $350 credit on its account. 

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

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

Additional information: 

Mar. 1Carla Vista’s cost of the merchandise sold to Stellar was $4,000. 

3Carla Vista's cost of the merchandise returned by Stellar was $539. As the merchandise was not damaged, it was returned to Carla Vista’s inventory. 

21Carla Vista’s cost of the additional merchandise sold to Stellar Stores was $6,292. 

23Carla Vista’s cost of the merchandise returned by Stellar was $157. As the merchandise was damaged, it was put in the recycling bin. 

Prepare Carla Vista Wholesalers’ journal entries to record the sales transactions with Stellar. Remember to record the freight and cash receipt transactions as appropriate.