Pharoah Wholesalers uses a perpetual inventory system. Mar. Stellar Stores purchases $9,300 of merchandise for resale from Pharoah Wholesalers, terms 2/10,n/30, FOB shipping 1 point. 2 The correct company pays $165 for the shipping charges. 3 Stellar returns $1,200 of the merchandise purchased on March 1 because it was the wrong colour. Pharoah gives Stellar a $1,200 credit on its account. 21 Stellar Stores purchases an additional $14,000 of merchandise for resale from Pharoah Wholesalers, terms 2/10,n/30. FOB destination. 22 The correct company pays $185 for freight charges. 23 Stellar returns $300 of the merchandise purchased on March 21 because it was damaged. Pharoah gives 5 tellar a $300 credit on its account. 30- Stellar paid Pharoah the amount owing for the merchandise purchased on March 1