Current Attempt in Progress Sandhill Stores is a new company that started operations on March 1, 2024. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March: Mar. 1 2 3 21 22 23 30 31 Sandhill Stores purchases $8,800 of merchandise for resale from Octagon Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company pays $175 for the shipping charges. Sandhill returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Sandhill a $1,100 credit on its account. Sandhill Stores purchases an additional $13,500 of merchandise for resale from Octagon Wholesalers, terms 2/10, n/30, FOB destination. The correct company pays $185 for freight charges. Sandhill returns $450 of the merchandise purchased on March 21 because it was damaged. Octagon gives Sandhill a $450 credit on its account. Sandhill paid Octagon the amount owing for the merchandise purchased on March 1. Sandhill paid Octagon the amount owing for the merchandise purchased on March 21.

Sandhill Stores is a new company that started operations on March 1, 2024. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March: Mar. Sandhill Stores purchases $8,800 of merchandise for resale from Octagon Wholesalers, terms 2/10,n/30, FOB shipping 1 point. 2. The correct company pays $175 for the shipping charges. 3 Sandhill returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Octagon gives Sandhill a $1,100 credit on its account. 21 Sandhill Stores purchases an additional $13,500 of merchandise for resale from Octagon Wholesalers, terms 2/10,n/30, FOB destination. 22 The correct company pays $185 for freiglt charges. 23 Sandhill returns $450 of the merchandise purchased on March 21 because it was damaged. Octagon gives Sandhill a $450 credit on its account. 30 Sandhill paid Octagon the amount owing for the merchandise purchased on March 1. 31 Sandhill paid Octagon the amount owing for the merchandise purchased on March 21. Prepare Blossom 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 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Question 2 of 3 12.5 (To record cost of goods returned.) (To record sales on account.) (To record cost of goods sold.)