Are you familiar with the textbook Skills for Accounting Research by Shelby Collins 3rd edition preferably? i need help with following questions

ACCT 3125 Homework 5 fall 2016 for chapter 6 due 11-17-2016 From Chapter six, Review Question from page 190, Review question 3. From Chapter six, Exercises from page 193, Exercises 21, 24, 26. For Question 5, Your client, Georgia Greetings and Accessories, Inc., (hereinafter referred to as Accessories) has just concluded a deal with a customer Louisiana Designer Yarn, Inc.(hereinafter referred to as Yarn). The deal was a sale of items of Accessories' products on 12-1-2015, giving Yarn a right to return the items within 60 days from the date of the sale. The following facts regarding the sale are specified: sale price was fixed at $ 500,000 for the items, if the items are damaged or stolen while in Yarn's possession, Yarn still needs to pay, Yarn has its own facilities and employees (none in common with Accessories), Accessories has no obligation to assist at all in Yarn's attempts to resell the items, and Accessories has reliable estimates of the past return percentages on these types of sales- 5%. Since it was implicit in the deal that Yarn need not pay until Yarn resells the items, Yarn did not pay Accessories until January 4th 2016, when Yarn resold the items at a $ 40,000 profit. Accessories produced these items at a cost of $ 375,000. When, if at all, does Accessories recognize revenue from the sale to Yarn? Prepare the sales journal entries given that Accessories uses a perpetual inventory system