Try another version of this question Journalize the following transactions for Iron Sports Corp.: September 5 Iron Sports Corp. sold $68,200 of merchandise on account with credit terms of 2/10, n/30. Cost of merchandise sold was $31,400. September 6 Iron Sports Corp. received $4,600 sales return on damaged goods from the customer. The cost of merchandise returned was $2,300. September 12 Iron Sports Corp. received payment from the customer on the amount due, less the return and discount. Date Description Debit Credit September 5 September 5 September 5 September 5 September 6 September 6 September 6 September 6 September 12 September 12 September 12 Date Description Debit Credit September 5 A/R 68,200 September 5 Sales Revenue 68,200 September 5 COGS 31,400 September 5 Merchandise Inventory 31,400 September 6 Sales Return & Allowance 4,600 September 6 A/R 4,600 September 6 Merchandise Inventory 2,300 September 6 COGS 2,300 September 12 Cash 62,328 September 12 Sales Discount 1,272 September 12 A/R 63,600