Prepare the journal entries to record the following sales transactions in Sheffield Corp.s books. Sheffield 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		Sheffield sold $58,000 of goods to Xtra Inc., terms n/45, FOB destination. The cost of the goods sold was $32,480. Sheffield expected a return rate of 15%.
	5		The appropriate company paid freight costs of $1,160.
	6		Xtra returned $7,000 of the merchandise purchased from Sheffield on January 2, because it was not needed. The cost of the merchandise returned was $3,920, and it was restored to inventory.
	11		Sheffield received the balance due from Xtra.

Date	Account Titles and Explanation	Debit	Credit
Jan. 2	enter an account title to record credit sale on January 2	enter a debit amount	enter a credit amount
	enter an account title to record credit sale on January 2	enter a debit amount	enter a credit amount
	enter an account title to record credit sale on January 2	enter a debit amount	enter a credit amount
	(To record credit sale)
2	enter an account title to record cost of goods sold on January 2	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold on January 2	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold on January 2	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
5	enter an account title for the journal entry on January 5	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 5	enter a debit amount	enter a credit amount
6	enter an account title to record return of goods on January 6	enter a debit amount	enter a credit amount
	enter an account title to record return of goods on January 6	enter a debit amount	enter a credit amount
	(To record return of goods)
6	enter an account title to record cost of goods returned on January 6	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods returned on January 6	enter a debit amount	enter a credit amount
	(To record cost of goods returned)
11	enter an account title for the journal entry on January 11	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 11	enter a debit amount	enter a credit amount