Try another version of this question Journalize the following transactions for Iron Sports Corp.: February 5 Iron Sports Corp. sold $62,000 of merchandise on account with credit terms of 2/10, n/30. Cost of merchandise sold was $31,200. February 9 Iron Sports Corp. received $4,000 sales return on damaged goods from the customer. The cost of merchandise returned was $2,700. February 13 Iron Sports Corp. received payment from the customer on the amount due, less the return and discount. Date Description Debit Credit February 5 February 5 February 5 February 5 February 9 February 9 February 9 February 9 February 13 February 13 February 13 Date Description Debit Credit February 5 A/R 62,000 February 5 Sales Revenue 62,000 February 5 COGS 31,200 February 5 Merchandise Inventory 31,200 February 9 Sales Return & Allowance 4,000 February 9 A/R 4,000 February 9 Merchandise Inventory 2,700 February 9 COGS 2,700 February 13 Cash 56,840 February 13 Sales Discount 1,160 February 13 A/R 58,000