Try another version of this question Journalize the following transactions for Iron Sports Corp.: June 5 Iron Sports Corp. sold $63,900 of merchandise on account with credit terms of 2/10, n/30. Cost of merchandise sold was $29,900. June 9 Iron Sports Corp. received $4,100 sales return on damaged goods from the customer. The cost of merchandise returned was $2,700. June 12 Iron Sports Corp. received payment from the customer on the amount due, less the return and discount. Date Description Debit Credit June 5 June 5 June 5 June 5 June 9 June 9 June 9 June 9 June 12 June 12 June 12 Date Description Debit Credit June 5 A/R 63,900 June 5 Sales Revenue 63,900 June 5 COGS 29,900 June 5 Merchandise Inventory 29,900 June 9 Sales Return & Allowance 4,100 June 9 A/R 4,100 June 9 Merchandise Inventory 2,700 June 9 COGS 2,700 June 12 Cash 58,604 June 12 Sales Discount 1,196 June 12 A/R 59,800