Cullumber Wholesalers uses a perpetual inventory system. Mar. Stellar Stores purchases $9,300 of merchandise for resale from Cullumber Wholesalers, terms 2/10, n/30, FOB shipping 1 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. Cullumber gives Stellar a $1,000 credit on its account. 2 3 21 22 23 30 Stellar Stores purchases an additional $13,000 of merchandise for resale from Cullumber Wholesalers, terms 2/10, n/30, FOB destination. The correct company pays $190 for freight charges. Stellar returns $500 of the merchandise purchased on March 21 because it was damaged. Cullumber gives Stellar a $500 credit on its account. Stellar paid Cullumber the amount owing for the merchandise purchased on March 1. FNC

Cullumber Wholesalers uses a perpetual inventory system. Mar. Stellar Stores purchases $9,300 of merchandise for resale from Cullumber Wholesalers, terms 2/10,N/30,FOB shipping 1 point. 2 The correct company pays $170 for the shipping charges. 3 Stellar returns $1,000 of the merchandise purchased on March 1 because it was the wrong colour. Cullumber gives Stellar a $1,000 credit on its account. 21 Stellar Stores purchases an additidyial $13,000 of merchandise for resale from Cullumber Wholesalers, terms 2/10,n/30, FOB destination. 22 The correct company pays $190 for freight charges. 23 Stellar returns $500 of the merchandise purchased on March 21 because it was damaged. Cullumber gives $ tellar a $500 credit on its account. 30 Stellar paid Cullumber the amount owing for the merchandise purchased on March 1