Journalize the following transactions for Acme Corporation:

March 1 Acme Corporation sold $124,800 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 $68,400.

March 3 Acme Corporation paid $140 shipping charges to benefit W.E. Coyote Co., charges were added to the bill.

March 5 W.E. Coyote Co. returns $22,800 of damaged merchandise. The cost of merchandise returned was $12,000.

March 10 W.E. Coyote Co. paid the amount owed, less return and discount.

Journal

Date	Description	Debit	Credit
March 1	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 1	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 1	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 1	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 3	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 3	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 5	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 5	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 5	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 5	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 10	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 10	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue
March 10	A/P-Coyote Co.A/R-Coyote Co.COGSCashInventory ExpenseMerchandise InventorySales DiscountSales Return & AllowanceSales Revenue