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 Management estimates that 10% of sales will be returned by customers within the 10-day return period. Feb, 2 Carla Vista sold $15,000 of merchandise to Kotter Company, terms 30,FOB shipping point. The cost of the merchandise sold was $5,400. 4 The correct company paid freight costs of $196, 6 Kotter Company returned $1.500 of the merchandise purchased on February 2 because it was not needed. The cost of the merchandise returned was $540, and it was restored to inventory Mar.1 Carla Vista received the balance due from Kotter. Credit account titles are automatically indented when the amount is not intent mana