Please answer the following questions:-

NWP Assessment Player UI Appli X Course Hero X + X C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=8b38a8de-4e58-4ef5-8792-48597c6c9678#/question/0 Apps M Gmail YouTube 9 Maps = News Translate Reading list - ACC106 Lab #7 Question 1 of 4 0.74 / 1 IE Cash 245 Mar. 14 Accounts Payable 3800 Merchandise Inventory 380C (To record purchase return.) Mar. 21 Accounts Payable 13200 Cash 13200 (To record payment on account.) e Textbook and Media Assistance Used List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer Type here to search O 24.C Mostly sunny ~ (1) ENG 1:27 PM 2021-07-23 76NWP Assessment Player UI Appli X Course Hero X + X C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=8b38a8de-4e58-4ef5-8792-48597c6c9678#/question/1 Apps M Gmail YouTube 9 Maps = News Translate Reading list - ACC106 Lab #7 Question 2 of 4 1.52 / 2 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Prepare journal entries to record the following sales transactions in Sandhill Company's books. Sandhill uses a perpetual inventory system. Jan. 2 Sandhill sold $14,000 of merchandise to Xiaoyan Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $5,530. 4 The correct company paid freight costs of $245. 6 Xiaoyan returned $1,600 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $630, and it was restored to inventory. Feb. 1 Sandhill received the balance due from Xiaoyan. (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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Type here to search O 24.C Mostly sunny ~ (1) ENG 1:27 PM 2021-07-23 6NWP Assessment Player UI Appli X Course Hero X + X C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=8b38a8de-4e58-4ef5-8792-48597c6c9678#/question/1 Apps M Gmail YouTube 9 Maps = News Translate Reading list - ACC106 Lab #7 Question 2 of 4 1.52 / 2 Jan. 2 Cost of Goods Sold 5530 Merchandise Inventory 14000 (To record cost of goods sold.) Jan. 4 v Freight Out 245 Cash 245 Jan. 6 v Sales Returns and Allowances 1600 Accounts Receivable 630 (To record credit for goods returned.) Jan. 6 v Merchandise Inventory 630 Cost of Goods Sold 1600 (To record cost of returned goods.) Feb. 1 v Cash 12645 Type here to search O 24.C Mostly sunny ~ ()) ENG 1:27 PM 2021-07-23 6NWP Assessment Player UI Appli X Course Hero X + X C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=8b38a8de-4e58-4ef5-8792-48597c6c978#/question/1 Apps M Gmail YouTube 9 Maps = News @ Translate Reading list - ACC106 Lab #7 Question 2 of 4