Prepare journal entries to record the following sales transactions in Wildhorse Companys books. Wildhorse uses a perpetual inventory system. Mar. 12 Wildhorse sold $24,000 of merchandise to Jarek Company, terms 2/10, n/30, FOB destination. The cost of the merchandise sold was $12,720. 13 The correct company paid freight costs of $195. 14 Jarek returned $2,800 of the merchandise purchased on March 12 because it was damaged. The cost of the merchandise returned was $1,484. Wildhorse examined the merchandise, decided it was no longer saleable, and discarded it. 22 Wildhorse received the balance due from Jarek