current attempt in progress sandhill wholesalers uses a perpetual inventory system mar stellar stores purchases 8900 of merchandise for resale from sandhill wholesalers terms 210 n30 fob shipping 1 point 2 the correct company pays 150 for the shipping charges 3 stellar returns 10 of the merchandise purchased on march 1 because it was the wrong colour sandhill gives stellar a 10 credit on its account 21 stellar stores purchases an additional 12500 of merchandise for resale from sandhill wholesalers terms 210 n30 fob destination 22 the correct company pays 195 for freight charges 23 stellar returns 450 of the merchandise purchased on march 21 because it was damaged sandhill gives stellar a 450 credit on its account 30 stellar paid sandhill the amount owing for the merchandise purchased on march 1 31 stellar paid sandhill the amount owing for the merchandise purchased on march 21 additional information mar 1 sandhills cost of the merchandise sold to stellar was 4100