BE5.15 only

BE5.6 (LO3) Prepare the journal entries to record the following sales transactions in Fundy Corp.'s books. Fundy uses a perpetual inventory system. Jan. 2 Fundy sold $45,000 of goods to Xtra Inc., terms n/45, FOB destination. The cost of the goods sold was $25,200. Fundy expected a return rate of 15%. 5 The appropriate company paid freight costs of $900. 6 Xtra returned $6,000 of the merchandise purchased from Fundy on January 2, because it was not needed. The cost of the merchandise returned was $3,360, and it was restored to inventory. 11 Fundy received the balance due from Xtra. Record sales transactions. "BE5.15 (LO 6) From the information in BE5.6, prepare the journal entries to record the sales transactions on Fundy Corp.'s books, assuming a periodic inventory system is used instead of a perpetual inventory system. Calculate amounts from statement of income