Following are the merchandising transactions for Chilton Systems.

1.	On November 1, Chilton Systems purchases merchandise for $1,400 on credit with terms of 2/5, n/30, FOB shipping point; invoice dated November 1.
2.	On November 5, Chilton Systems pays cash for the November 1 purchase.
3.	On November 7, Chilton Systems discovers and returns $190 of defective merchandise purchased on November 1 for a cash refund.
4.	On November 10, Chilton Systems pays $70 cash for transportation costs with the November 1 purchase.
5.	On November 13, Chilton Systems sells merchandise for $1,512 on credit. The cost of the merchandise is $756.
6.	On November 16, the customer returns merchandise from the November 13 transaction. The returned items would sell for $245 and cost $122. the items were not damaged and were returned to inventory.

Journalize the following merchandising transactions for Chilton Systems assuming it uses a perpetual inventory system.

Record the Chilton Systems purchase of merchandise for $1,400 on credit with terms of 2/5, n/30, FOB shipping point; invoice dated November 1.

On November 5, Chilton Systems pays cash for the November 1 purchase.

On November 7, Chilton Systems discovers and returns $190 of defective merchandise purchased on November 1 for a cash refund.

On November 10, Chilton Systems pays $70 cash for transportation costs with the November 1 purchase.

On November 13, Chilton Systems sells merchandise for $1,512 on credit.

The cost of the merchandise is $756.

On November 16, the customer returns merchandise from the November 13 transaction. The returned items sell for $245

The returned items cost $123. The merchandise is returned to inventory.