Prepare journal entries to record the following sales transactions in Cullumber Company's books. Cullumber uses a perpetual inventory system. Jan. 2 4. Cullumber sold $17,000 of merchandise to Xiaoyan Company, terms n/30, FOB shipping point. The cost of the merchandise sold was $6,715. The correct company paid freight costs of $175. Xiaoyan returned $1,300 of the merchandise purchased on January 2 because it was not needed. The cost of the merchandise returned was $510, and it was restored to inventory. Cullumber received the balance due from Xiaoyan. 6 Feb. 1 (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 Credit (To record sales on account.) (To record cost of goods sold.) (To record credit for goods returned.) (To record cost of returned goods.) (Collection on account.)