Prepare the journal entries to record the following sales transactions on Culver Corp.'s books, assuming a periodic inventory system is used. (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 O for the amounts. Round answers to O decimal places, e.g. 125.) Jan. 2 Culver sold $48,500 of goods to Xtra Inc., terms 2/10, n/45, FOB destination. The cost of the goods sold was $27,160. 5 The appropriate company paid freight costs of $800. 6 Xtra returned $5,500 of the merchandise purchased from Culver on January 2, because it was not needed. The cost of the merchandise returned was $3,080, and it was restored to 11 Culver received the balance due from Xtra inventory