Help me correct the wrong answers (red marks)....And every entry should be filled (the "no entry" answers were not correct). Thanks!

Problem 18-5 Headland Ranch & Sage is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Headland's products. Pricing and cost information on three of Headland's most popular products are as follows. Standalone Selling Price (Cost) Item Mini-trencher Power fence hole auger Grain/hay dryer 3,400 1,300 14,700 ($1,800 (800) (10,900) Respond to the requirements related to the following independent revenue arrangements for Headland Ranch & Sage Your answer is correct On January 1, 2017, Headland sells 40 augers to Mills Farm & Fleet for $52,000. Mills signs a 6 month note at an annual interest rate of 12%. Headland allows Mills to return any auger that it cannot use within 60 days and receive a full refund. Based on prior experience, Headland estimates that 5% of units sold to customers like Mills will be returned (using the most likely outcome approach). Headland's costs to recover the products will be immaterial, and the returned augers are expected to be resold at a profit. Prepare the journal entry for Headland on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Notes Receiveble 52000 20001 les Revenu To record sales) Cost of Goods Sol 3200 th 20001 nto (To record cost of goods sold) 1 Your answer is correct. on August 10, 2017, Headland sells 17 mini-trenchers to a farm co-op in western Minnesota. Headland provides a 4% volume discount on the mini-trenchers if the co-op has a 15% increase in purchases from Headland compared to the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Prepare the journal entry for Headland on August 10, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round intermediate calculations to 6 decimal places, e.g. 1.246576 and final answers to O decimai places, e.g. 5,125.) Account Titles and Explanation Debit Credit les Reven 780 To record sales) of Goods So nto To record cost of goods sold)