Stephen Company sold $3,000 of merchandise on account to Elijah Company The credit terms were 2/10, n/60. The cost of the merchandise was $1,800 March 4 March 6 Elijah Company paid transportation cost of $100 on the March 4 purchase from Stephen Company March 8 Stephen Company sold $2,000 of merchandise on account to Elijah Company The credit terms were n/40. The cost of the merchandise was $1,400. March 10 Stephen Company paid transportation cost of $100 for delivery of merchandise sold to Elijah Company on March 8 March 16 Stephen Company issued Elijah Company a $400 credit memorandum for merchandise returned because the merchandise was damaged. The merchandise was purchased by Elijah Company on account on March 8. The cost of the merchandise returned was $280 March 18 Stephen Company received payment from Elijah Company for purchase of March 8 Stephen Company sold $4,800 of merchandise on account to Elijah Company The credit terms were 2/10, n/30. The cost of the merchandise was $2,880 March 21 March 22 Stephen Company received payment from Elijah Company for purchase of 4 March Stephen Company received payment from Elijah Company for purchase of 21 March March 31 2. Prepare all necessary journal entries to record the transactions for (45 marks) Elijah Company. Assume that Elijah Company used perpetual inventory system (Narratives are not required)