• Oriole Wholesalers uses a perpetual inventory system. Mar, 1 2 Stellar Stores purchases $8,700 of merchandise for resale from Oriole Wholesalers, terms 2/10, n/30, FOB shipping point. The correct company pays $140 for the shipping charges. 3 Stellar returns $1,100 of the merchandise purchased on March 1 because it was the wrong colour. Oriole gives Stellar a $1,100 credit on its account. 21 Stellar Stores purchases an additional $12.000 of merchandise for resale from Oriole Wholesalers, terms 2/10, n/30, FOB destination 22 The correct company pays $155 for freight charges. 23 Stellar returns $400 of the merchandise purchased on March 21 because it was damaged. Oriole gives Stellar a $400 credit on its account 30 Stellar paid Oriole the amount owing for the merchandise purchased on March 1, 31 Stellar paid Oriole the amount owing for the merchandise purchased on March 21. Additional information: Mar. 1 Orioles cost of the merchandise sold to Stellar was $4,000. 3 Orioles cost of the merchandise returned by Stellar was $506. As the merchandise was not damaged, it was returned to Orioles inventory. 21 Orioles cost of the additional merchandise sold to Stellar Stores was $5,517. 23 Orioles cost of the merchandise returned by Stellar was $184. As the merchandise was damaged, it was put in the recycling bin. (a) Prepare Oriole Wholesalers journal entries to record the sales transactions with Stellar.