Sheridan Wholesalers uses a perpetual inventory system. Mar. Stellar Stores purchases $8,600 of merchandise for resale from Sheridan Wholesalers, terms 2/10,n/30, FOB shipping 1 point. 2 The correct company pays $155 for the shipping charges. 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 2/10,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. Sheridar's cost of the merchandise sold to Stellar was $4,100 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 $5,483. 23 Sheridan's cost of the merchandise returned by Stellar was $286. As the merchandise was damaged, it was put in the recycling bin. Prepare Sheridan Wholesalers' fournal entries to record the sales transactions with Stellar. Remember to record the freight and cash receipt transactions as appropriate. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Record journal entries in the order presented in the problem List all debit entries before credit entries.)