Prepare the journal entries to record the following sales transactions in Riverbed Corp.$\text{'}$s books. Riverbed 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. $2$ Riverbed sold $$40,000$ of goods to Xtra Inc., terms $\frac{n}{45},$FOB destination. The cost of the goods sold was $$22,400.$

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

$5$ The appropriate company paid freight costs of $$800.$

$6$ Xtra returned $$5,200$ of the merchandise purchased from Riverbed on January $2,$ because it was not needed. The cost

of the merchandise returned was $$2,912,$ and it was restored to inventory.

$11$ Riverbed received the balance due from Xtra.