Ivanhoe Publishers sells textbooks to universities across Canada. On July 10, 2021, Ivanhoe entered into a contract with Hinton University to supply 660 accounting textbooks at a price of $108 per book to be paid on September 25, 2021. The books cost Ivanhoe $75 each.Ivanhoe's return policy states that any unsold books can be returned within 90 days of delivery. The books were delivered on August 25, 2021. Ivanhoe estimates returns at 10% of sales. Hinton returns 22 books on September 15, 2021, and 44 books on September 30, 2021. Determine the transaction price. Transaction price $ On what date should revenue be recognized? Revenue should be recognized on Prepare all journal entries required by Ivanhoe to record the transactions with Hinton University. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit (To record sales on account) August 25.2021 (To record cost of goods sold.) (To record credit for goods returned) (To record credit for goods returned.) (To record credit for goods returned.) (Collection on account.) (To record cash refund for goods returned.) (To record cost of goods returned.)