E5-7A. Journal Entries for Sale, Return, and Remittance-Periodic System On June 8, James Company sold merchandise listing for $1,850 to Dalton Company, terms 3/10, n/30. On June 12, $550 worth of the merchandise was retumed because it was the wrong color. On June 18, James Company received a check for the amount due. Required Record the journal entries made by James Company for these transactions. James uses the periodic inventory system