Prepare journal entries to record the following sales transactions in Cullumber Company's books. Cullumber uses a perpetual inventory system Mar. 12 13 Cullumber sold $22,000 of merchandise to Jarek Company, terms 2/10,n/30, FOB destination. The cost of the merchandise sold was $11,660. The correct company paid freight costs of $225. Jarek returned $2,300 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 Cullumber received the balance due from Jarek. 14 22 (Credit account titles are automatically indented when the amount is entered. Do not indeot 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 a Accounts Receivable Sales (To record sales on account.) (To record sales on account.) Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.) Freight Out Cash (Cash payment for freight costs.) Sales Returns and Allowances Accounts Receivable! (To record credit for goods returned.) Mar 22 I (Collection on account)