The following information pertains to merchandising transactions of Coyote Company.

On 2/2/2022, Coyote Company Sold inventory costing $40,000 for $60,000 on credit, 3/20, n/60.

On 2/10/2022, Coyote received some of the inventory sold on 2/2/2022. The cost of the returned goods was $5,000, and the selling price was $7,500.

On 2/20/2022, Coyote received the full payment for the accounts receivable from the above transactions.

Instructions: prepare any necessary journal entries for the above three transactions of Coyote company.