Following are the merchandising transactions for chilton systems

1. On November 1, Chilton systems purchases merchandise for $2000 on credit with terms of 2/5,n/30, FOB shipping point; invoice dated November 1st

2.On november 5, Chilton systems pays cash for the november 1st purchase

3. On november 7, chilton systems discovers and returns $125 of defective merchandise purchased on november 1st for a cash refund.

4.on november 10, chilton systems pays $100 cash for transportation costs with the november 1st purchase

5. On November 13, Chilton sysytems sells merchandise for $2160 on credit. The cost of the merchandise is $1080

6.On November 16, the customer returns merchandise from the November 1st transaction. The returned items are priced at $235 and cost $118; the items were not damaged and were returned to inventory.

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