Prepare journal entries

Two different companies, Ripper and Berners, entered into the following inventory transactions during December. Both companies use a perpetual inventory system. December 3 - Ripper Corporation sold inventory on account to Berners Corp. for $483,000, terms 1/10, n/30. This inventory originally cost Ripper $310,000. December 8 - Berners Corp. returned inventory to Ripper Corporation for a credit of $3, 700. Ripper returned this inventory to inventory at its original cost of $2, 375. December 12 - Berners Corp. paid Ripper Corporation for the amount owed. a. Prepare the journal entries to record these transactions on the books of Ripper Corporation, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)