Prepare journal entries to record the following sales transactions in Oriole Company's books. Oriole uses a perpetual inventory system and the contract-based approach to revenue recognition. Oriole has a stated policy that all sales are final, no returns or exchanges 16 June Oriole sold 512.100 of merchandise to Guiying Company, terms 2/10, 1/30, FOB destination. The cost of the merchandise sold was $6,897. 17 The correct company cald freight costs of $241 Oriole received the balance due from Guiying 26 (Credit occount 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.)