Try another version of this question Journalize the following transactions for Acme Corporation: September 1 Acme Corporation sold $123,800 of merchandise on account to W.E. Coyote Co. with credit terms of 2/10, n/30, FOB Shipping Point. Cost of merchandise sold was $71,300. September 3 Acme Corporation paid $180 shipping charges to benefit W.E. Coyote Co., charges were added to the bill. September 6 W.E. Coyote Co. returns $15,900 of damaged merchandise. The cost of merchandise returned was $10,200. September 15 W.E. Coyote Co. paid the amount owed, less return and discount. Date Description Debit Credit September 1 September 1 September 1 September 1 September 3 September 3 September 6 September 6 September 6 September 6 September 15 September 15 September 15 Date Description Debit Credit September 1 A/R-Coyote Co. 123,800 September 1 Sales Revenue 123,800 September 1 COGS 71,300 September 1 Merchandise Inventory 71,300 September 3 A/R-Coyote Co. 180 September 3 Cash 180 September 6 Sales Return & Allowance 15,900 September 6 A/R-Coyote Co. 15,900 September 6 Merchandise Inventory 10,200 September 6 COGS 10,200 September 15 Cash 105,922 September 15 Sales Discount 2,158 September 15 A/R-Coyote Co. 108,080