Sunrise Co. sold goods with a list price of $72,000 on Dec. 14. Because the customer is new to the company, Sunrise decided to give the customer 10% trade discount. The terms for sales (cash) discount are 2/10, n/30. By Dec 23, Sunrise had collected cash on $21,600 (gross price) of these receivables. On Dec 31, Sunrise collected cash on $6,000 (gross price) of receivables. By Dec 31, Sunrise had sales returns of $1,800 (gross price) for the sale. The company records the sales returns as they occur.

Required: A) prepare journal entries for the above transactions or events assuming the net price method is used.