Question $2$ of $4$

$\frac{-}{{33}^3}-=$vdots

Current Attempt in Progress

Sheridan Wholesalers uses a perpetual inventory system.

Mar. Stellar Stores purchases $$8,600$ of merchandise for resale from Sheridan Wholesalers, terms $\frac{2}{10},\frac{n}{30},$ FOB shipping $1$ point.

$2$ The correct company pays $$155$ for the shipping charges.

$3$ Stellar returns $$1,100$ of the merchandise purchased on March $1$ because it was the wrong colour. Sheridan gives Stellar a $$1,100$ credit on its account.

$21$ Stellar Stores purchases an additional $$11,500$ of merchandise for resale from Sheridan Wholesalers, terms $\frac{2}{10},\frac{n}{30},$ FOB destination.

$22$ The correct company pays $$170$ for freight charges.

$23$ Stellar returns $$600$ of the merchandise purchased on March $21$ because it was damaged. Sheridan gives Stellar a $$600$ credit on its account.

$30$ Stellar paid Sheridan the amount owing for the merchandise purchased on March $1.$

$31$ Stellar paid Sheridan the amount owing for the merchandise purchased on March $21.$

Additional information:

Mar.

Sheridan's cost of the merchandise sold to Stellar was $$4,100.$

$3$

Sheridan's cost of the merchandise returned by Stellar was $$524.$ As the merchandise was not damaged, it was returned to Sheridan's inventory.

$21$ Sheridan's cost of the additional merchandise sold to Stellar Stores was $$5\mathrm{.}483.$