Your answer is partially correct. On June 3, 2022, Skysong Company sold to Ann Mount merchandise having a sales price of $8,100 (cost $7,290) with terms of n/60, f.o.b. shipping point. Skysong estimates that merchandise with a sales value of $810 will be returned. An invoice totaling $140 was received by Mount on June 8 from Olympic Transport Service for the freight cost. Upon receipt of the goods, on June 8, Mount returned to Skysong $400 of merchandise containing flaws. Skysong expects the returned items to be resold at a profit. The freight on the returned merchandise was $25, paid by Skysong on June 8. On July 16, the company received a check for the balance due from Mount. No further returns are expected. Prepare journal entries for Skysong Company to record all the events in June and July. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jun. 3, 2022 Accounts Receivable Sales Revenue (To record sales) Cost of Goods Sold Inventory (To record cost of goods sold) Debit 8100 7290 Credit 8100 7290 Jun. 8, 2022 Sales Returns and Allowances 400 Jun. 8, 2022 + Accounts Receivable (To record sales returns) Inventory Cost of Goods Sold (To record cost of goods returned) Freight-Out Cash (To record the freight cost) Jul. 16, 2022 Cash Accounts Receivable eTextbook and Media List of Accounts 300 25 7700 400 300 25 25 7700