Prepare the journal entries to record the following sales transactions in Monty Corp.'s books. Monty 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 Monty sold $44,000 of goods to Xtra Inc., terms n/45, FOB destination. The cost of the goods sold was $24,640. Monty expected a return rate of 15%. 5 The appropriate company paid freight costs of $880. 6 Xtra returned $5,600 of the merchandise purchased from Monty on January 2, because it was not needed. The cost of the merchandise returned was $3,136, and it was restored to inventory. Feb. 11 Monty received the balance due from Xtra