Crane Wholesalers uses a perpetual inventory system. Mar. 1 2 3 21 23 22 23 23...

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Crane Wholesalers uses a perpetual inventory system. Mar. 1 2 3 21 23 22 23 23 30 30 31 Stellar Stores purchases $9,200 of merchandise for resale from Crane Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company pays $170 for the shipping charges. Stellar returns $1,000 of the merchandise purchased on March 1 because it was the wrong colour. Crane gives Stellar a $1,000 credit on its account. Stellar Stores purchases an additional $12,500 of merchandise for resale from Crane Wholesalers, terms 2/10, n/30. FOB destination. The correct company pays $170 for freight charges. Stellar returns $450 of the merchandise purchased on March 21 because it was damaged. Crane gives Stellar a $450 credit on its account. Stellar paid Crane the amount owing for the merchandise purchased on March 1. Stellar paid Crane the amount owing for the merchandise purchased on March 21. Additional information: Crane Wholesalers uses a perpetual inventory system. Mar. 1 2 3 21 23 22 23 23 30 30 31 Stellar Stores purchases $9,200 of merchandise for resale from Crane Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company pays $170 for the shipping charges. Stellar returns $1,000 of the merchandise purchased on March 1 because it was the wrong colour. Crane gives Stellar a $1,000 credit on its account. Stellar Stores purchases an additional $12,500 of merchandise for resale from Crane Wholesalers, terms 2/10, n/30. FOB destination. The correct company pays $170 for freight charges. Stellar returns $450 of the merchandise purchased on March 21 because it was damaged. Crane gives Stellar a $450 credit on its account. Stellar paid Crane the amount owing for the merchandise purchased on March 1. Stellar paid Crane the amount owing for the merchandise purchased on March 21. Additional information: