Prepare journal entries to record the following sales transactions in Carla Vista Company's books. Carla Vista uses a perpetual inventory system and the contract-based approach to revenue recognition. Carla Vista has a stated policy that all sales are final, no returns or exchanges. June 16 Carla Vista sold $13,800 of merchandise to Guiying Company, terms 2/10,n/30, FOB desti 17 The correct company paid freight costs of $298. 26 Carla Vista received the balance due from Guiying. Prepare journal entries to record the following sales transactions in Carla Vista Company's books. Carla Vista uses a perpetual inventory system and the contract-based approach to revenue recognition. Carla Vista has a stated policy that all sales are final, no returns or exchanges. Guiying Company, terms 2/10,n/30, FOB destination. The cost of the merchandise sold was $7,590. 298. Suiying. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit (To record sales on account.) (To record cost of goods sold.) Cash payment forfreight costs June 26 (Collection on account.)