The following merchandise transactions occured in December. Both companies use a perpetual invertory system.

Dec. $3$ Riverbed Ltd sold goods to Concord Corp. for $59600,$ terms n$/15,$ FOB shipping point. The invertory had cost Riverbed $$31,600.$ Riverbed's management expected a return of $3\%$ based on prior experience.

Dec $7$ Shipping costs of $$800$ were paid by the appropriate company.

Dec. $8$ Concord returned unwanted merchandise to Riverbed. The returned merchandise has a sales price of $$1,840,$ and a cost of $$1,000.$ It was restored to inventory.

Dec $11$ Riverbed recieved the balance due from Concord

Record the above transactions in the books of Rivebed. List all debit entries before credit entries