Prepare journal entries to record the following sales transactions in Dalibor Company's books. Dalibor uses a perpetual inventory system.
Mar. 12 Dalibor sold $25,000 of merchandise to Jarek Company, terms 2/10, n/30, FOB destination. The cost of the merchandise sold was $13,250.
13 The correct company paid freight costs of $265.
14 Jarek returned $2,000 of the merchandise purchased on March 12 because it was damaged. The cost of the merchandise returned was $1,060. Dalibor examined the merchandise, decided it was no longer saleable, and discarded it.
22 Dalibor received the balance due from Jarek.