Try another version of this question Journalize the following transactions for Iron Sports Corp.: January 4 Iron Sports Corp. sold $66,600 of merchandise on account with credit terms of 2/10, n/30. Cost of merchandise sold was $30,200. January 8 Iron Sports Corp. received $4,500 sales return on damaged goods from the customer. The cost of merchandise returned was $2,300. January 16 Iron Sports Corp. received payment from the customer on the amount due, less the return and discount. Date Description Debit Credit January 4 January 4 January 4 January 4 January 8 January 8 January 8 January 8 January 16 January 16 January 16 Date Description Debit Credit January 4 A/R 66,600 January 4 Sales Revenue 66,600 January 4 COGS 30,200 January 4 Merchandise Inventory 30,200 January 8 Sales Return & Allowance 4,500 January 8 A/R 4,500 January 8 Merchandise Inventory 2,300 January 8 COGS 2,300 January 16 Cash 60,858 January 16 Sales Discount 1,242 January 16 A/R 62,100