Prepare the journal entries to record the following sales transactions in Bramble Corp.$\text{'}$s books. Bramble 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 occount titles and enter $0$ for the amounts. Record journal entries in the order

presented in the problem.$)$

Jan. $2$ Bramble sold $$53,000$ of goods to Xtra Inc, terms $\frac{n}{45},$ FOB destination. The cost of the goods sold was $$29,680.$

Bramble expected a return rate of $15\%.$

$5$ The appropriate company paid freight costs of $$1,060.$

$6$ Xtra returned $$6,500$ of the merchandise purchased from Bramble on January $2,$ because it was not needed. The cost

of the merchandise returned was $$3,640,$ and it was restored to inventory.

Feb. $11$ Bramble received the balance due from Xtra.

Date

Account Titles and Explanation

Debit

Credit

$($To record credit sale$)$

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

$($To record return of goods$)$

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