Refer to BE5-5 and prepare the journal entries to record the following sales transactions in Feng Corp.'s books. Feng uses a perpetual inventory system.

Jan. 2 Feng sold $10,000 of merchandise to Xiaoyan Ltd., terms 1/10, n/30, FOB destination. The cost of the merchandise sold was $7,500.

5 The appropriate company paid freight costs of $150.

6 Xiaoyan returned $1,000 of the merchandise purchased from Feng on January 2, because it was not needed. The cost of the merchandise returned was $750, and it was restored to inventory.

11 Feng received the balance due from Xiaoyan.