Refer to BE5-5 and prepare the journal entries to record the following sales transactions in Fundy Corp.'s books. Fundy uses a perpetual inventory system.

In BE5-5

Jan. 2 Fundy sold $15,000 of merchandise to Xtra Inc., terms 2/10, n/45, FOB destination. The cost of the merchandise sold was $11,250.

5 The appropriate company paid freight costs of $300.

6 Xtra returned $2,000 of the merchandise purchased from Fundy on January 2, because it was not needed. The cost of the merchandise returned was $1,500, and it was restored to inventory.

11 Fundy received the balance due from Xtra.