Wildhorse Wholesalers uses a perpetual inventory system.

Mar.

$1$

Stellar Stores purchases $$8,500$ of merchandise for resale from Wildhorse Wholesalers, terms $2/10,$ n$/30,$ FOB shippi point.

$2$

The correct company pays $$140$ for the shipping charges.

$3$

Stellar returns $$1,200$ of the merchandise purchased on March $1$ because it was the wrong colour. Wildhorse gives Stellar a $$1,200$ credit on its account.

$21$

Stellar Stores purchases an additional $$14,000$ of merchandise for resale from Wildhorse Wholesalers, terms $2/10,$ n$/$

FOB destination.

$22$

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

Stellar returns $$600$ of the merchandise purchased on March $21$ because it was damaged. Wildhorse gives Stellar a $$6$

$23$

$30$

credit on its account.

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

$31$

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