Entries for Cash Discounts and Returns on Sales The Sonoma Wine Company is a wholesaler of California wine that sells on credit terms of 2/10, n/30. Consider the following transactions: June 9 June 11 June 18 June 26 July 10 July 12 Sales on credit to Sierra Wines, $30,000 Sales on credit to Marty's Liquors, $10,000 Collected from Sierra Wines Accepted the return of six cases from Marty's, $1,000 Collected from Marty's Sierra returned some defective wine that it had acquired on June 9 for $100; Sonoma issued a cash refund immediately Prepare journal entries for these transactions. Omit explanations. Assume the full appropriate amounts were exchanged.