BE5.18 (LO 8) AP Prepare journal entries to record the following sales transactions in Trig Companys books. Trig uses a perpetual inventory system and the contract-based approach to revenue recognition. Management estimates that 10% of sales will be returned by customers within the 10-day return period. Feb. 2 Trig sold $16,000 of merchandise to Kotter Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $6,400. 4 The correct company paid freight costs of $215. 6 Kotter