Following are the merchandising transactions for STIU Co.

Nov.11 1 STIU Co. purchasesmerchandise for $2,100 on termsof 2/5, n/30, FOB shipping point invoice dated November 1.

5 STIU Co. pays cashfor the November 1 purchase

7 STIU Co. discovers and returns $100 of defective merchandise 111 purchased on November 1, and paid for on November 5115, for a cash refund .

10 STIU Co. pays $105 cash for transportation costs for the November 1 purchase 111.

13 STIU Co sells merchandise for $2,268 with terms n/30. The cost of the merchandise is $1,134.

16 Merchandise is returned to STIU Co. Following are the merchandising transactions for STIU Co.

Nov.11 1 STIU Co. purchases merchandise for $2,100 on terms of 2/5, n/30, FOB shipping point , invoice dated November 1.

5 STIU Co. pays cash for the November 1 purchase.

7 STIU Co. discovers and returns $100 of defective merchandise 111 purchased on November 1, and paid for on November 5115, for a cash refund .

10 STIU Co. pays $105 cash for transportation costs for the November 1 purchase 111.

13 STIU Co sells merchandise for $2,268 with terms n/30. The cost of the merchandise is $1,134.

16 Merchandise is returned to STIU Co. from the November 13 transaction 1113. The returned items are priced at $210 and cost $105; the items were not damaged and were returned to inventorySTIU.

Journalize the above merchandising transactions for the STIU Co. assuming it uses a perpetual inventory system and the gross method.

from the November 13 transaction The returned items are priced at $210 and cost$105; the items were not damaged and were returned to inventory

Journalize the above merchandising transactions for the STIU Co.assuming it uses a perpetual inventory system and the gross method.