need help in part b it says that set up a t account . the red boxes are incorrect

Selected transactionis follow for Springfield Sports Ltd during the company s first month of business. The company expects a return rate of axs and uses a perpetual imventory system. Feb. 2. Sold \$1.151 of merchandise to Andrew Noren on account, terms N30. The goodshad cost Springfield $758. 4 Andrew Noren returned for credit $139 of the merehandise purchased on February 2 The goods had cost Speingfield $85 and they were returned to inwentory. 5 Sold $768 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Springield $495. 8. Sold $840 of merchandise to Michacl Colins for cush. The goods had cost Springfeld $621. 10 Sold 5915 of merchandise to Rafik Kurili account, terms n33. The goods had cost Springhield $683. 22. Dong Corporation paidits account in full 24 Andrew Noren purchared an additionval $701 of merchandise on account, teris n/30, The poods had cost 5 pringficld 5411. 27 Sold \$1,728 of merchandise to Batstone Corporation, terms n/30. The goods had cost Springheld $1.100. 28 Andrew Noren paid 51,012 on account. (a) Your anenteriscorrect If no entry is requined, select "No Entry" for the occount titles and enter of for the ampunts. fidurd onswern to the nearest whole dollope es: 5.275 . Prepare the journal entries to record each of the above transactions: (Ust all debit entries before credit entries. Credit account titles are outomatically indented whe A no entry is required, select "No Entry" for the occount titles and enter O for the omounts. Round answers to the nearest whole dollor. es. 5.275. (To record cost of goods returned) Feb. 5 Accounts Receivable Sales 707 Refund Liabilty 61 (To record sales) Cost of Coods sold Estimated inventory Returns 40 Inventory (To record cost of goods sold) (To record sales) Cort of Coods Sold Estimated inkentory Returns imventory (To record cost of goods sold) pestion 2 of 3 (To record cost of goods sold) Feb. 10 (To record cost of goods sold) (To recordsales) Costot Goots Sold fistimated imventory Returm. 0C Estimated Inventory Returns Inventory (To record cost of goods sold) Accounts Recelvable (To record sales) Cont of Coods sold Estimated inventocy Returns Set vp T acoounts for the Accounts Recelvable general ledger icontrol) account and for the Accounts Recelvable subsidiary ledger accounts. Post the journal entries to these accounth (Post entries in the order of foumal entries prosented in the previous pert). General Ledger Control Account