On June 3, 2017, Kingbird Company sold to Ann Mount merchandise having a sales price of $8,300 (cost $6,640) with terms of n/60, f.o.b. shipping point. Kingbird estimates that merchandise with a sales value of $830 will be returned. An invoice totaling $100 was received by Mount on June 8 from Olympic Transport Service for the freight cost. Upon receipt of the goods, on June 8, Mount returned to Kingbird $300 of merchandise containing flaws. Kingbird estimates the returned items are expected to be resold at a profit. The freight on the returned merchandise was $24, paid by Kingbird on June 8. On July 16, the company received a check for the balance due from Mount. amount s entered. Onotna ent manua r Prepare ournal entries for Kingbird Company to record all the events in une and ul. Credit account tit es are automatica y dented whe no entry is required, select "No entry" for the account titles and enter O for the amounts.) DateAccount Titles and Explanation Debit Credit (To record sales) To record cost of goods sold) To record sales returns) (To record cost of goods returned) (To record the freight cost)