Try another version of this question Journalize the following transactions for Mars Musical Company. January 2 Mars Musical Company sold $48,200 of merchandise on account to Tiger Company with credit terms of 3/EOM, n/60, FOB shipping point. Cost of merchandise sold was $21,600. January 7 Mars Musical Company paid $1,083 shipping charges to benefit Tiger Company, the charges were added to the bill. January 11 Tiger Company returned $2,580 of damaged merchandise. The cost of merchandise returned was $1,315. January 28 Tiger Company paid the amount owed. Date Description Debit Credit January 2 January 2 January 2 January 2 January 7 January 7 January 11 January 11 January 11 January 11 January 28 January 28 January 28 Date Description Debit Credit January 2 A/R-Tiger Co. 48,200.00 January 2 Sales Revenue 48,200.00 January 2 COGS 21,600.00 January 2 Merchandise Inventory 21,600.00 January 7 A/R-Tiger Co. 1,083.00 January 7 Cash 1,083.00 January 11 Sales Return & Allowance 2,580.00 January 11 A/R-Tiger Co. 2,580.00 January 11 Merchandise Inventory 1,315.00 January 11 COGS 1,315.00 January 28 Cash 45,334.40 January 28 Sales Discount 1,368.60 January 28 A/R-Tiger Co. 46,703.00