Prepare journal entries to record the following sales transactions in Cullumber Companys books. Cullumber uses a perpetual inventory system.

Jan. 2		Cullumber 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 $175.
6		Xiaoyan returned $1,400 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $550, and it was restored to inventory.
Feb. 1		Cullumber received the balance due from Xiaoyan.