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Prepare journal entries to record the following sales transactions in Wildhorse Company?s books. Wildhorse uses a perpetual inventory system. Jan. 2 Wildhorse sold $12,000 of

Prepare journal entries to record the following sales transactions in Wildhorse Company?s books. Wildhorse uses a perpetual inventory system.

Jan. 2 Wildhorse sold $12,000 of merchandise to Xiaoyan Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $4,740.
4The correct company paid freight costs of $235.
6 Xiaoyan returned $1,700 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $669, and it was restored to inventory.
Feb. 2

Wildhorse received the balance due from Xiaoyan.

please see the attachment and fill the wrong box for JAN 4 and JAN 6 part 2image text in transcribed

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