Try another version of this question Journalize the following transactions for Iron Sports Corp.: March 1 Iron Sports Corp. sold $60,500 of merchandise on account with credit terms of 2/10, n/30. Cost of merchandise sold was $30,400. March 6 Iron Sports Corp. received $4,300 sales return on damaged goods from the customer. The cost of merchandise returned was $2,100. March 13 Iron Sports Corp. received payment from the customer on the amount due, less the return and discount. Date Description Debit Credit March 1 March 1 March 1 March 1 March 6 March 6 March 6 March 6 March 13 March 13 March 13 Date Description Debit Credit March 1 A/R 60,500 March 1 Sales Revenue 60,500 March 1 COGS 30,400 March 1 Merchandise Inventory 30,400 March 6 Sales Return & Allowance 4,300 March 6 A/R 4,300 March 6 Merchandise Inventory 2,100 March 6 COGS 2,100 March 13 Cash 55,076 March 13 Sales Discount 1,124 March 13 A/R 56,200