Mar 1 2 3 Crane Wholesalers uses a perpetual inventory system. Stellar Store purchases $9,200 of merchandise for resale from Crane Wholesalers, terms 2/10, 1/30, FOB shipping point The correct company pays $135 for the shipping charges Stellar returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour Crane gives Stetlar a $1,100 credit on its account 21 Stellar Stores purchases an additional $12.500 of terchandise for resale from Crane Wholesalers. terms 2/10,4/30 FOB destination The correct company pays $185 for freight charges. Stellar returns $500 of the merchandise purchased on March 21 because it was damaged. Crane glves Stellora $500 Stellar paid Crane the amount owing for the merchandise purchased on March 1. Stellar paid Crane the amount owing for the merchandise purchased on March 21 22 23 credit on its account 30 31 Additional information: Mar 1 3 Crane's cost of the merchandise sold to Stellar was 34.200. Crane's cost of the merchandise returned by Stellar was $502. As the merchandise was not damaged, it was returned to Crane's inventory Crane's cost of the additional merchandise sold to Stellar Stores was $5,70% Crane's cost of the merchandise returned by Stellar was 5228. As the merchandise was damaged. It was put in the recycling bin 21 > (To record cost of goods sold.)