Try another version of this question Journalize the following transactions for Acme Corporation: November 1 Acme Corporation sold $129,600 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 $68,500. November 4 Acme Corporation paid $130 shipping charges to benefit W.E. Coyote Co., charges were added to the bill. November 7 W.E. Coyote Co. returns $15,300 of damaged merchandise. The cost of merchandise returned was $11,800. November 9 W.E. Coyote Co. paid the amount owed, less return and discount. Date Description Debit Credit November 1 November 1 November 1 November 1 November 4 November 4 November 7 November 7 November 7 November 7 November 9 November 9 November 9 Date Description Debit Credit November 1 A/R-Coyote Co. 129,600 November 1 Sales Revenue 129,600 November 1 COGS 68,500 November 1 Merchandise Inventory 68,500 November 4 A/R-Coyote Co. 130 November 4 Cash 130 November 7 Sales Return & Allowance 15,300 November 7 A/R-Coyote Co. 15,300 November 7 Merchandise Inventory 11,800 November 7 COGS 11,800 November 9 Cash 112,144 November 9 Sales Discount 2,286 November 9 A/R-Coyote Co. 114,430