Prepare journal entries to record the following sales transactions in Cullumber Company's books. Cullumber uses a perpetual inventory system. Mar. 12 Cullumber sold $20,000 of merchandise to Jarek Company, terms 2/10, n/30, FOB destination. The cost of the merchandise sold was $10,600. 13 The correct company paid freight costs of $225. 14 Jarek returned $2,400 of the merchandise purchased on March 12 because it was damaged. The cost of the merchandise returned was $1,060. Cullumber examined the merchandise, decided it was no longer saleable, and discarded it. 22 Cullumber received the balance due from Jarek. (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 (To record sales on account.) Debit Credit (To record cost of goods sold.) (Cash payment for freight costs.) Mar. 22 (To record credit for goods returned.) (Collection on account.)