Prepare the journal entries to record the following sales transactions in Whispering Winds Corp.$\text{'}$s books. Whispering Winds 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. Record journal

entries in the order presented in the problem.$)$

Jan. $2$ Whispering Winds sold $$36,000$ of goods to Xtra Inc., terms n$/45,$ FOB destination. The cost of the goods sold was

$$20,160.$ Whispering Winds expected a return rate of $15\%.$

$5$ The appropriate company paid freight costs of $$720.$

$6$ Xtra returned $$4,800$ of the merchandise purchased from Whispering Winds on January $2,$ because it was not needed.

The cost of the merchandise returned was $$2,688,$ and it was restored to inventory.

Feb. $11$ Whispering Winds received the balance due from Xtra.Prepare the journal entries to record the following sales transactions in Whispering Winds Corp.$\text{'}$s books. Whispering Winds 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. Record journal

entries in the order presented in the problem.$)$

Jan. $2$ Whispering Winds sold $$36,000$ of goods to Xtra Inc., terms n$/45,$ FOB destination. The cost of the goods sold was

$$20,160.$ Whispering Winds expected a return rate of $15\%.$

$5$ The appropriate company paid freight costs of $$720.$

$6$ Xtra returned $$4,800$ of the merchandise purchased from Whispering Winds on January $2,$ because it was not needed.

The cost of the merchandise returned was $$2,688,$ and it was restored to inventory.

Feb. $11$ Whispering Winds received the balance due from Xtra.$($To record cost of goods sold$)$

Cash

Sales Returns and Allowances

$($To record return of goods$)$

$($To record cost of goods returned$)$Screenshot $2024-02-11$ at $3\mathrm{.}45\mathrm{.}27$PMScreenshot $2024-02-11$ at $3\mathrm{.}45\mathrm{.}27$PMScreenshot $2024-02-11$ at $3\mathrm{.}45\mathrm{.}27$PM$($To record cost of goods sold$)$

Cash

Sales Returns and Allowances

$($To record return of goods$)$

$($To record cost of goods returned$)$