Prepare the journal entries to record the following sales transactions in Riverbed Corp.s books. Riverbed uses a perpetual inventory system. (List all debit entries before credit entries. 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 0 for the amounts.)

Jan.	2		Riverbed sold $60,000 of goods to Xtra Inc., terms n/45, FOB destination. The cost of the goods sold was $33,600. Riverbed expected a return rate of 15%.
	5		The appropriate company paid freight costs of $1,200.
	6		Xtra returned $7,200 of the merchandise purchased from Riverbed on January 2, because it was not needed. The cost of the merchandise returned was $4,032, and it was restored to inventory.
	11		Riverbed received the balance due from Xtra.

Please provide solution and answer those fields with red highlights.

Date Account Titles and Explanation Debit Credit Jan. 2 Accounts Receivable 60000 Income Summary 51000 Refund Liability 9000 (To record credit sale) 2 Cost of Goods Sold 28560 Estimated Inventory Returns .. 5040 Supplies 33600 (To record cost of goods sold) 5 Freight Out 1200 Cash 1200 6 Refund Liability 7200 Accounts Receivable 7200 (To record return of goods) 6 Inventory 4032 Estimated Inventory Returns 4032 (To record cost of goods returned) 11 Cash 52200 Accounts Receivable 52200